Gary Gensler and SEC probed over alleged politically-biased hiring
Republicans on congressional committees are probing Gary Gensler and the Securities Exchange Commission (SEC) for allegedly hiring the SEC’s Director of Trading and Markets based on their left-wing political ideology, alleging violations of the Civil Service Reform Act of 1978. The letter alleges that Gensler may have been influenced by the “political affiliation” of Dr. Haoxiang Zhu when hiring him. They highlight an email Dr. Zhu sent after he called Gensler to discuss his employment. It claims Dr. Zhu affirmed “his ideological suitability” when he sent this email, “ I believe I’m in the right place on the political spectrum , and I’m happy [to] provide as many details as needed so you feel comfortable.” Dr. Zhu was hired six months later, on November 19, 2021. The letter claims that the SEC “unlawfully” considered a bureaucrat applicant based on their political ideology, violating its own impartiality and the Civil Service Ref...