- The SEC’s Inspector General Nicholas Padilla resign after criticizing Chairman Gary Gensler’s authority.
- Acting IG Padilla raised concerns with Gensler since September.
- October report reflected that SEC managers were not notified of policy changes.
The SEC’s Acting Inspector General Nicholas Padilla has resigned less than two months after issuing a report harshly criticizing Chairman Gary Gensler’s approach to rulemaking. The IG claimed it was hurried and potentially harmful to the agency’s workers and overall health.
Criticize @garygensler and you get removed? It appears Chair Gensler continues to insulate himself from accountability. In January, Republicans on the @FinancialCmte will conduct oversight of @secgov and restore accountability to an agency that has none. https://t.co/Y2NCvNuL4O— Rep. Bill Huizenga (@RepHuizenga)
The post Another Nail in the Coffin for SEC After IG Leaves Gary’s Office appeared first on Coin Edition.