Commmissioners Will Testify before Financial Services Committee

All five SEC Commissioners will testify today at a hearing of the House Financial Services Committee, chaired by Barney Frank, for the first time in 10 years.  Frank has expressed interest in section 404, naked short selling, SEC enforcement policy, increased proxy access.  Private equity and the collapse of the subprime lendng market are also expected to be topics.  See WSJ, (Entire) SEC Makes House Call.