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Gary Gensler accused of hypocrisy in SEC crusade over use of private messaging apps

WhatsApp with Gary Gensler and his old email habits? NY Post Business Reporter Lydia Moynihan shares this story.

That’s the question on Wall Street this week after the hard-charging boss of the Securities and Exchange Commission reportedly nears a deal with banks over employees who use private messaging apps — with critics noting that Gensler has his own awkward history of using his personal email account to conduct official business.

While Gensler has fined Wall Street firms more than $1 billion for being less than careful about their habits of using WhatsApp and other encrypted messaging platforms for work, he used similar practices when he ran the Commodity Futures Trading Commission a decade ago, according to reports.

In 2013, the Office of the Inspector General raised concerns about Gensler’s “use of personal email to perform official business.”

The IG report revealed Gensler “used his personal email so much that he carried two smartphones, one issued by CFTC with his work email, and another for his personal email.”

Read more at https://nypost.com/2023/09/28/gary-gensler-accused-of-hypocrisy-in-sec-crusade-over-use-of-private-messaging-apps/

#garygensler #sec #business

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