Gensler Pushed by Industry for More Time to Comment on SEC Plans

Two dozen financial-services trade groups are asking Securities and Exchange Commission Chair Gary Gensler for more time to comment on new rules that the watchdog is proposing.

Since Gensler took over a year ago, the SEC has been weighing a slew of regulations that affect companies from hedge fund managers to Wall Street high-frequency trading firms. The pace with which the agency has introduced the plans -- and the time it’s allowed for comment on them -- has drawn the ire of Republican lawmakers and business groups.

Gary Gensler

Photographer: Bill Clark/CQ Roll Call/Bloomberg

“Unnecessarily short comment periods run the risk of giving the impression that ...