Former SEC Chair Gary Gensler's Government-Issued Text Messages Deleted or Under Investigation During Tenure

BlockBeats News, October 1st, according to Cointelegraph, Republican members of the U.S. House of Representatives wrote to U.S. Securities and Exchange Commission (SEC) Chairman Paul Atkins, requesting an investigation into former SEC Chairman Gary Gensler's deletion of official text messages during his tenure. The SEC Office of the Inspector General (OIG) pointed out in a report at the beginning of September that during Gensler's term, the SEC raised questions regarding transparency and compliance.

The report revealed that the SEC's IT department executed an erroneous automated policy that resulted in the full erasure of Gensler's government-issued mobile phone, deleting text messages from October 2022 to September 2023.

Republican lawmakers criticized Gensler for having a "double standard," as in 2023, he filed lawsuits against multiple financial institutions for "record-keeping failures," collecting over $400 million in fines, yet failed to ensure compliance within his own agency.