Chapter
SEC Chairman Discusses Accountability in Financial Markets
11:54 - 24:16 (12:22)
The Chairman of the Securities and Exchange Commission, Gary Gensler, addresses the lack of accountability for lawmakers involved in insider trading, while stressing that the SEC is actively prosecuting those who engage in trading on material, non-public information. He also mentions the use of disgorgement to force firms or individuals to give up profits made from illegal activities in the financial markets.
Clips
The US Securities and Exchange Commission relies on tips, referrals, and complaints to enforce financial regulations and ensure compliance, with approximately 2,400 people examining financial actors.
11:54 - 13:50 (01:56)
Summary
The US Securities and Exchange Commission relies on tips, referrals, and complaints to enforce financial regulations and ensure compliance, with approximately 2,400 people examining financial actors. They act as the police of the finance industry, investigating any noncompliance with the law or rules.
ChapterSEC Chairman Discusses Accountability in Financial Markets
EpisodeSEC Chair Gary Gensler Answers Your Questions
PodcastThe Problem With Jon Stewart
The Securities and Exchange Commission (SEC) Chairman assures that insider trading laws apply to everyone regardless of their position, and the SEC will continue to enforce the law by implementing a disgorgement of profits rule, as shown in a recent example involving Allianz Insurance Company.
13:50 - 22:31 (08:41)
Summary
The Securities and Exchange Commission (SEC) Chairman assures that insider trading laws apply to everyone regardless of their position, and the SEC will continue to enforce the law by implementing a disgorgement of profits rule, as shown in a recent example involving Allianz Insurance Company.
ChapterSEC Chairman Discusses Accountability in Financial Markets
EpisodeSEC Chair Gary Gensler Answers Your Questions
PodcastThe Problem With Jon Stewart
The speaker advises lawyers, accountants, and investment bankers to step back from the line and avoid potentially unethical behavior in business operations, emphasizing the legal responsibility of these gatekeepers.
22:31 - 24:16 (01:44)
Summary
The speaker advises lawyers, accountants, and investment bankers to step back from the line and avoid potentially unethical behavior in business operations, emphasizing the legal responsibility of these gatekeepers.