The SEC continues to improperly insert itself between
officers and directors and their insurance defense
policies.
The U.S. Securities and Exchange Commission (SEC) continues to
make headlines, not always in a positive fashion, regarding its
often-changing statements on major enforcement priorities in areas
like digital assets and environmental and social governance
disclosure. On September 14, 2021, Gary Gensler, the current SEC
chair, appeared before the U.S. Senate Banking
Committee. During the committee's questioning, Senator John
Kennedy pointedly asked Gensler the following question:
"The people and the companies you regulate as chairman of the
SEC, do you consider yourself their daddy?" Of course, Gensler
denied such a characterization. But the SEC's actions speak
louder than its denial.
