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Progressives Call on SEC’s Gensler to Fire U.S. Audit Regulators

May 17, 2021, 4:49 PM

Eleven progressive policy groups are calling on the Securities and Exchange Commission to replace the leaders of the U.S. audit watchdog, saying the regulator has failed to protect the interests of investors under the oversight of Trump-era appointees.

In a letter Friday to SEC Chairman Gary Gensler, the groups said the Public Company Accounting Oversight Board has atrophied under the leadership of Chairman Bill Duhnke and pointed to internal complaints from staff, past senior staff vacancies, and a “pattern of non-enforcement.” Americans for Financial Reform, Greenpeace U.S., and the Revolving Door Project were among the organizations ...