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Speaker at House Financial Services Hearing Accuses SEC Chair Atkins of Favoring Wall Street over Retail Investors
Summary
An unidentified speaker at a House Financial Services hearing accused Securities and Exchange Commission Chairman Atkins of withdrawing investor protections, cutting staff and aligning with the president, asserting the agency has avoided investigations into alleged market abuse.
An unidentified speaker at a House Financial Services hearing accused Securities and Exchange Commission Chairman Atkins of prioritizing Wall Street and wealthy investors over everyday shareholders, saying the agency has reversed protections and retreated from enforcement.
The speaker said Atkins "has withdrawn 14 major proposals that would have protected retail investors," dismissed investigations of associates connected to the president, and "pared back corporate disclosures" that the public relies on to…
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