At the first get-together of all five SEC commissioners at a Congressional hearing since 2007, House Financial Services Committee Chair Maxine Waters (D-Calif.) said the regulator “is not fulfilling its mission as Wall Street’s cop.”
Members of the House Financial Services Committee mentioned concerns about so-called “digital assets,” the surge in stock buybacks as wages for workers remain flat, and the difficulties investors have recovering assets when they are victims of Ponzi schemes at an hours-long full committee hearing Tuesday.
