Staff is focused on 'prosecuting any form of conduct that might threaten investors, capital formation or the markets,' Gensler said.
The nation’s top securities watchdog said Wednesday that regulators are focused on identifying and punishing misconduct related to last week’s failures of Silicon Valley Bank and Signature Bank.
Regional banks have come under pressure following the SVB SIVB, and Signature SBNY, -22.87% failures as evidenced by a more than 20% decline in the SPDR S&P Regional Banking Sector ETF KRE, -1.06% since March 8. One proposal would require financial companies to adopt written policies and procedures outlining steps it would take if customer data were compromised and to promptly notify customers of the breach.
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