Gensler's SEC Faces Mounting Legal Obstacles

Gary Gensler, the chair of the Securities and Exchange Commission (SEC), is facing an increasing number of legal challenges as he pushes forward with efforts to regulate Wall Street. Hedge funds have filed a lawsuit against the SEC in an attempt to overturn recent rules on short selling and securities lending disclosures. Additionally, a conservative appeals court is likely to strike down another SEC rule aimed at increasing transparency in public companies' share repurchases.