Stuart Alderoty takes a stab at Gary Gensler following a recent hearing.
Rep. Torres asked several basic questions, such as whether an investment contract requires a contract, which Gensler struggled to answer. Torres classified his elusive answers as “deafening and damning”
The way Gensler answers Rep. Torres is not uncommon in these types of conferences, especially when the law is involved. That said, when confronted again by Rep. Torres, who was clearly annoyed at this point, Gensler affirmed he answered his questions “consistently.”This latest testimony puts Gensler and his leadership at the SEC in a very questionable position, which many consider reckless, including lawyers, politicians, and even SEC commissioners.
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