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Like sand through an hourglass: Gensler puts ‘intermediaries’ in regulatory crosshairs

coins and hourglass

The SEC chairman wants to reduce the costs of the men and women in the middle of the market. That means you, InvestmentNews readers.

Gary Gensler seems to put as much effort into the rhetoric he uses to describe his regulatory goals as he does into rulemaking itself. The SEC chairman comes up with a trope and then repeats it to ensure that the message gets through to his targets.

As Gensler makes clear almost every time he spe

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