Divided SEC Knocks Down Attempt to Reopen Gensler-Era Enforcement Settlements

Also, Democratic lawmakers back FTC commissioners' lawsuit

The SEC, now under Republican control, has moved quickly to undo some of Gary Gensler’s tough enforcement tactics, especially against crypto companies. But other financial firms that have complained about his alleged overreach aren’t faring as well.

A group of 16 brokers and investment advisers learned that lesson yesterday when the commission rejected t…