Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, gave the following statement at a Subcommittee on Investor Protection, Entrepreneurship and Capital Markets hearing entitled, “Oversight of the SEC’s Division of Enforcement.”  

Thank you, Chair Sherman, for holding this important hearing. Between last year’s “meme stock” events, the implosion of SPACs, and this year’s catastrophic crypto crash, the life savings of ordinary Americans who were drawn into risky and fraudulent investment schemes have been lost. The work you [Director Grewal]  do every day to go after scammers and those who peddle unsuitable financial products is critical. It is refreshing and promising to have as our witness today, Director Grewal, an Enforcement Director who has fought for years as an Attorney General on behalf of the people of New Jersey.  

Director Grewal, welcome to the Committee, and thank you for your years of public service.  

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