Cybersecurity and Bank Runs? Gensler Draws a Parallel as he Pushes New Rules

Also, NYSE reiterates its concerns about auctions for stock orders; minority banking group leader weighs in on SVB turmoil

The SEC issued three proposed rules today that have little (or nothing) to do with the latest banking crisis. That, however, didn’t stop Chair Gary Gensler from drawing a connection to the tumult  – and asserting that the commission has an important role to play in promoting financial stability. That may prompt a bit of head scratching for those who bes…