Sen. Chris Van Hollen (D-Md.) and six of his Democratic colleague sent a letter to the Securities and Exchange Commission’s Inspector General requesting an investigation into reports that Commissioner Michael Piwowar “linked potential regulatory action to an unrelated policy Citigroup recently issued to promote responsible conduct by customers engaged in processing firearms transactions.”
Van Hollen was joined in drafting and signing the letter by senators Kamala Harris (D-Calif.), Christopher Murphy (D-Conn.), Richard Blumenthal (D-Conn.), Robert Menendez (D-N.J.), and Dianne Feinstein (D-Calif.).
Piwowar allegedly used an April 24 meeting with representatives of Citigroup regarding derivatives regulations to rail against the firm’s recent firearms policy.
“Piwowar may have...
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