As Gensler Plots to Finish Rules, Hedge Funds Ramp Up Their Lobbying

Also, FDIC warns banks about underreporting uninsured deposits; SEC trashes Ripple ruling; CPA licensing rule may be hurting diversity efforts

In his first two years on the job, Gary Gensler has focused on proposing dozens of rules – a campaign that has generated loud complaints from all corners of Wall Street. Now as the chair enters the much more difficult phase of finishing those reforms, his opponents are ramping up the resistance.

Case in point: Today the main trade association for hedge f…