U.S. House Financial Services Committee Chairman Criticizes SEC as 'Rogue Agency'

According to TechFlow, Patrick McHenry, Chairman of the U.S. House Financial Services Committee, sharply criticized the U.S. Securities and Exchange Commission (SEC).

McHenry called the SEC a “rogue agency” and said it should be “more geared toward facilitating capital formation rather than taking ad hoc actions to prosecute people and generate headlines.”