SEC chair Gensler says agency will enforce rules ‘aggressively’ against bad actors
Bob Pisani, 20 May 2021
Securities and Exchange Commission Chair Gary Gensler said he would be aggressively pursuing bad financial actors who were “playing with working families’ savings.”
Gensler made his remarks at a Financial Industry Regulatory Authority conference with Robert Cook, president and CEO of FINRA. FINRA is the agency that regulates broker-dealers and exchanges.
As he did in his recent Congressional testimony, Gensler emphasized that enforcement would be a key part of protecting the public.
The United States Treasury Department released a statement on Thursday announcing their plans to crack down on tax evasion using cryptocurrency. The Treasury Department plans to raise an additional $700 billion through the new tax compliance measures. 
The value of the UK art market is estimated at c.£10 billion per annum and represents 20% of global art trade. The size of our market share (second only to the USA, alongside China) has been long recognised as a key strength of the UK’s creative economy. But the Government’s latest National Risk Assessment from December 2020 puts it at high risk of money laundering. But what exactly is money laundering, and how does it impact on the art market? 
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California’s top energy regulators on Tuesday said the state is better prepared to avoid last summer’s rotating blackouts, but they cautioned the power grid of the nation’s most populous state is still vulnerable to extreme heat waves that could force more outages later this year.
Stocks in mainland China retreated from a three-day advance as commodity prices eased and lingering concerns about global inflation soured appetite for risks. Financial markets in Hong Kong were closed for a public holiday.