The Left Says Industry Distorts SEC's Legal Vulnerabilities

Also, PE firms argue they pose no systemic risk; Banks make 11th hour push against higher deposit-insurance fees

SEC Chair Gary Gensler has issued dozens of rule proposals over the past year, and Wall Street has mostly been forced to just watch with incredulity and growing dismay. Still, financial executives have taken some comfort knowing that they have the courts – a venue where the industry likes its chances of killing at least a handful of Gensler’s most far-r…