The chairman of the Securities and Exchange Commission, Gary Gensler, has been criticized by two members of the United States House Financial Services Committee “regarding the timing of the charges filed against FTX founder Sam Bankman-Fried.” This criticism is based on the fact that Mr. Gensler is scheduled to appear at a hearing.
The chair of the committee, Patrick McHenry, and the chair of the Oversight and Investigations Subcommittee, Representative Bill Huizenga, stated in a notice dated February 10 that the timing of Bankman-charges Fried’s and arrest in the Bahamas raised “serious questions about the SEC’s process and cooperation with the Department of Justice.” The two congressmen requested that Gensler disclose documents and correspondence relating to SBF’s accusations that were exchanged between November 2 and February 9 from the SEC’s Division of Enforcement, his office, and between the agency and the Justice Department…
