Senator Mike Crapo asked SEC Chair Gary Gensler about $MMTLP.
He asked about why the stock couldn't be sold. He said, "I don't think we had a full response."
It was halted from December 2022.
Gary Gensler said the SEC and FINRA are different, where FINRA implements its own rules, though initially approved by Gensler.
He said, "Under FINRA rules, they sought a trading halt. They did not seek SEC permission on it."
He said, "We do regularly examine FINRA on its rules.... whether they follow their own rules."
Senator Mike Crapo asked SEC Chair Gary Gensler about $MMTLP
9/13/2023
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