Republican lawmaker slams SEC over unauthorized leaks to media

Chairman of the House Financial Services Committee, Hensarling questions financial regulators about the effects of the Volcker RuleBy Emily Stephenson WASHINGTON (Reuters) – A Republican lawmaker slammed the Securities and Exchange Commission over leaks of confidential information to media outlets, including Reuters, calling the disclosures “unacceptable.” Representative Jeb Hensarling, who leads the House of Representatives’ Financial Services Committee, said in the letter to SEC Chair Mary Jo White that the leaks raised questions about who attends closed agency meetings and hurt the SEC’s ability to enforce securities laws. At issue are Reuters stories from the fall of 2013 about SEC officials’ deliberations regarding a settlement with JPMorgan Chase over its “London Whale” trading scandal.

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