The US SEC Chair Gary Gensler faces a probe over hiring practices, sparking market discussions. The investigation, launched by the House Republicans, indicates that the agency may be breaking federal law by potentially factoring political leanings into its recruitment process, sparking concerns about impartiality in hiring practices.
House Republicans Probe US SEC Chair Gary Gensler
The House Republican lawmakers Jim Jordan, Patrick McHenry, and James Comer, question the hiring decisions of Gary Gensler in a September 10 letter. The lawmakers suspect that the agency may be favoring individuals with specific political leanings, potentially breaching the Civil Service Reform Act of 1978.
In the letter sent to the US SEC Chair, the lawmaker highlighted an email exchange that indicates that political ideology could have influenced the hiring of Dr. Haoxiang Zhu, SEC’s Director of Trading and Markets.
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