Who has control of the SEC to make that happen?
Who pulls those strings?
Anonymous 01/27/21 (Wed) 13:14:07721c4d (8) No.12732452
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>>12732362 (You)
from Jan 22
Melissa Hodgman Named Acting Director of Division of Enforcement
The Securities and Exchange Commission today announced Melissa R. Hodgman, currently an Associate Director in the Commission's Division of Enforcement, has been named Acting Director of the Division of Enforcement.
"Melissa's dedication to investor protection, broad experience in the Division, and proven track record of collaboration and creative problem solving make her ideally suited to this role," said SEC Acting Chair Allison Herren Lee. "As Associate Director, Melissa has overseen a wide range of complex and programmatically important matters, and has been a leading voice in the Division on critical issues of diversity, hiring, and labor-management relations. She is highly respected by her colleagues in the Division and across the agency for her intellect and dedication."
"It has been my honor to serve with the incredibly talented staff across the Division of Enforcement for over a decade," said Ms. Hodgman. "I am constantly inspired by the dedication of my colleagues in the Division and across the Commission, especially with the challenges of the last year. I look forward to continuing my work with them in the role of Acting Director and supporting the Commission's mission of protecting investors and market integrity through the aggressive pursuit of all forms of fraud and misconduct in our markets."
Ms. Hodgman has been Associate Director in the Home Office since October 2016. She has investigated and led teams pursuing and litigating numerous enforcement actions covering the spectrum of securities law violations, including matters related to financial fraud and disclosure; broker-dealers, investment advisers, and gatekeepers; offering frauds, market structure, and manipulation; and cross-border and FCPA violations.
https://www.sec.gov/news/press-release/2021-15
Galvin has been particularly active on investor protections in his role, suing broker Robinhood in December. In the case of GameStop, he said he has no immediate authority to change what’s happening, but will talk with other state regulators to try to determine if Massachusetts has been put in jeopardy by the trading action.He told Barron’s on Tuesday there were “systemic” problems with GameStop trading.
“There’s no rational basis for this run up,” Galvin said. “And it’s not just a run up, it’s also run down. It’s extremely erratic. Clearly there is a problem here with the way that options are being used in this case. And it needs some regulatory intervention. And I think the most prudent thing is if it’s suspended trading for 30 days.”