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WASHINGTON (Reuters) -The new chair of the U.S. securities regulator told lawmakers on Thursday the agency was considering new trading rules to address issues raised by this year s GameStop Corp trading saga and the meltdown of private fund Archegos Capital.
Gary Gensler also told the House of Representatives Financial Services Committee, just three weeks after being sworn in as Securities and Exchange Commission (SEC) chair, that he expected to propose new rules on corporate climate risk disclosures in the second half of 2021.
Democrats are pressing Gensler to take a tough stance on Wall Street after GameStop s fierce rally in January, fueled by bullish online posts on Reddit, and the March implosion of New York-based family office Archegos, exposed gaps in the SEC s rules.
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