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Progressives ramp up pressure on Biden's Wall Street cop after hiring fiasco


Progressives ramp up pressure on Biden s Wall Street cop after hiring fiasco
POLITICO
2 hrs ago
By Zachary Warmbrodt
© Evan Vucci/AP Photo
Gary Gensler rattled progressives by naming a veteran corporate defense lawyer, Alex Oh, to lead the agency’s policing of financial wrongdoing
Sen. Elizabeth Warren in January praised Gary Gensler, President Joe Biden’s nominee to lead the Securities and Exchange Commission, as a “tenacious” Wall Street regulator. Now, after a turbulent first two weeks on the job for Gensler, Warren and her allies are sending a new message: Do better, Gary.
The honeymoon between Gensler and his long-time champions on the left came to a stunning end in recent days after he rattled progressives by naming a veteran corporate defense lawyer, Alex Oh, to lead the agency’s policing of financial wrongdoing. In a twist, Oh abruptly resigned less than a week later after a federal judge reprimanded her and other ....

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SEC enforcement chief resigns over role in Indonesian torture case


SEC enforcement chief resigns over role in Indonesian torture case
POLITICO
1 hr ago
By Kellie Mejdrich and Zachary Warmbrodt
© Provided by POLITICO
The concerns expressed by progressive groups about Alex Oh stem in part from long-running disappointment among progressive groups and lawmakers about lax Wall Street enforcement by the SEC.
SEC Chair Gary Gensler s pick to serve as the agency s enforcement director resigned unexpectedly on Wednesday amid mounting criticism from progressives over her work as a corporate defense lawyer.
Alex Oh, who was in private practice for two decades before Gensler announced her new role last week, resigned after a federal judge reprimanded her and others defending oil giant ExxonMobil in a class action lawsuit brought by Indonesian villagers. It was a stunning reversal for the SEC less than two weeks into Gensler s tenure at the helm of the agency. ....

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