NASDAQ 'Diversity' Rule Delayed as SEC's Gensler Confirmed - National Legal & Policy Center
Gensler took part in confirmation hearing without leaving his house. Today, the Securities and Exchange Commission (SEC) announced that it was postponing final approval of Nasdaq’s controversial Board “Diversity” rule for at least three more weeks, which coincides with the Senate Banking Committee’s approval yesterday of Biden’s SEC Chairman pick, Gary Gensler, who was described by the Washington Post as a “progressive darling.” Senator Patrick Toomey questioned whether Gensler “will also push the legal bounds of the SEC’s authority, in particular in an attempt to advanc...