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Rich Gallena Comments on Potential SEC Scrutiny in Financial Advisor

"GOP Midterm Victory Could Turn Up Heat On SEC, ESG Investing"

Financial Advisor Magazine

Rich Gallena commented on the potential for increased congressional scrutiny on Securities and Exchange Commission (SEC) Chairman Gary Gensler and the agency's policies, in the event of a victory for the Republican party in the upcoming midterm elections. "In terms of what a Republican Congress could mean for regulatory enforcement, I think we're going to see increased scrutiny at the SEC and, in particular, of Chairperson Gary Gensler. Last week, House Republicans gave us a preview of what this could look like when they sent a letter to Gensler in an attempt to highlight inconsistencies within the SEC regarding the use of off-channel communications platforms such as WhatsApp," Gallena said.