The SEC is 'short-staffed' and it needs more help to tackle everything from crypto to China, Gensler says PUBLISHED WED, SEP 15 2021 10:41 AM EDT UPDATED WED, SEP 15 2021 3:44 PM EDT Thomas Franck @TOMWFRANCK SHARE
KEY POINTS SEC Chairman Gary Gensler says Wall Street's top regulator is trying to juggle an long list of challenges with a smaller staff. Gensler said his team is spread thin investigating fraudulent China-linked companies, managing those looking to enter public markets and monitoring cryptocurrencies. "We are short-staffed," Gensler told CNBC. "I'd like to at least get back to where we were in 2016 and I think we should probably be 5% or 10% larger than that."