The U.S. House Financial Services Committee considered proposed legislation in response to the GameStop and Archegos trading events.
In testimony before the House Financial Services Subcommittee on Investor Protection, Entrepreneurship, and Capital Markets, SEC Director of Enforcement Gurbir S. Grewal stated that the Division is focusing enhanced resources on protecting investors in digital asset markets.
The U.S. Senate Committee on Banking, Housing, and Urban Affairs Subcommittee on Securities, Insurance and Investment conducted a hearing to discuss regulatory efforts to strengthen the U.S. equity market structure.
FINRA CEO Robert W. Cook testified before the House Financial Services Subcommittee on Capital Markets, Securities and Investment on current FINRA operations, initiatives and programs.
Senator Elizabeth Warren (D-MA) sent letters to the CEOs of 16 major financial institutions asking for information related to the Consumer Financial Protection Bureau arbitration rule.