GameStop, Diversity Policies Dominate Gensler's SEC Hearing

By Dean Seal (March 2, 2021, 10:19 PM EST) -- President Joe Biden's nominee to lead the U.S. Securities and Exchange Commission, Gary Gensler, vowed Tuesday to take a closer look at the GameStop trading frenzy, climate disclosures and board diversity during a relatively tame Senate hearing on his confirmation.

The U.S. Senate Banking Committee used much of the three-hour virtual hearing to question the former Goldman Sachs executive-turned-financial regulatory hawk on his views about progressive initiatives being floated in the securities industry as well as his plans for addressing the ongoing saga of so-called meme stocks that have seen explosive volatility in recent weeks.

Considered a relatively uncontroversial nominee, Gensler's answers signaled...

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