Industry News
All Senator Elizabeth Warren News
Top stories summarized by our editors
Top stories summarized by our editors

2 Fed presidents agree to sell stocks following criticism

9/13/2021

Federal Reserve Presidents Eric Rosengren of Boston and Robert Kaplan of Dallas said they will sell their individual stock holdings by the end of the month after facing criticism for their trading activity. The Fed leaders maintain their dealings have been ethical, but Senator Elizabeth Warren, D-Mass, commented: "I've said it before and will say it again: members of Congress and senior government officials should not be allowed to trade or own stocks. Period."

SEC's Gensler requests more crypto authority

8/12/2021

US Securities and Exchange Commission Chairman Gary Gensler has sent a letter to Senator Elizabeth Warren, D-MA, calling for Congress to give the SEC more authority over the cryptoasset sector. "Regulators would benefit from additional plenary authority to write rules for and attach guardrails to crypto trading and lending," Gensler wrote.

Sens. question Powell's bank regulation approach

7/27/2021

Senator Elizabeth Warren, D-Mass., and Senate banking committee chair Sherrod Brown, D-Ohio, have expressed dissatisfaction with Federal Reserve Chairman Jerome Powell's approach to bank regulation as his position comes up for renomination. "I am concerned when I see the rules weakened rather than strengthened," Warren said.

Sens. question Powell's bank regulation approach

7/23/2021

Senator Elizabeth Warren, D-Mass., and Senate banking committee chair Sherrod Brown, D-Ohio, have expressed dissatisfaction with Federal Reserve Chairman Jerome Powell's approach to bank regulation as his position comes up for renomination. "I am concerned when I see the rules weakened rather than strengthened," Warren said.

Yellen cautious about calling asset managers systemically important

3/25/2021

Treasury Secretary Janet Yellen said a careful study of the systemic risk posed by asset management firms is needed, but it should focus on their activities more than their designation. Responding to questioning by Senator Elizabeth Warren, Yellen said it may not be appropriate or useful to classify the firms as "systemically important."

Yellen cautions calling asset managers systemically important

3/25/2021

Treasury Secretary Janet Yellen has said a careful study of the systemic risk posed by asset-management firms is needed but should focus on their activities more than their designation. Responding to questioning by Sen. Elizabeth Warren, D-Mass., Yellen said it may not be appropriate or useful to classify the firms as "systemically important."

US regulator cracks down on waivers for transgressors

2/12/2021

The US Securities and Exchange Commission plans to make it harder for firms to secure a waiver to continue business after they settle an enforcement case. Critics of the waiver say it is akin to a free pass for repeat offenders.

Warren tax plans would hit HNW Americans, change investor behavior

11/18/2019

Proposals to tax wealthy Americans more, proposed by presidential hopeful Sen. Elizabeth Warren, D-Mass., would push tax rates above 100% for some high-net-worth individuals and leave some investors with less money than they started with, critics warn. According to one recent projection, the planned measures would raise $2.75 trillion over 10 years, although some think they would raise just 40% of that total.

Exec's nonprofit raises concerns about FB bias

11/12/2019

Facebook's news chief Campbell Brown is the focus of scrutiny regarding the platform's objectivity, after reports revealed articles by The 74, a nonprofit that Brown co-founded, attacking Senator Elizabeth Warren. Brown, responding on Twitter, said that the two organizations were and remain separate, and that she had been open about her affiliation.