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Elizabeth Warren: “The SEC clearly did not play its watchdog function that it…”

Featuring: Elizabeth Warren, Democratic | U.S. Senate, Massachusetts

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Senator Warren on Iran Deal, Fed's Warsh and SpaceX IPO

Published | Video Starts at 10:38

And remember the financial experts out there, a lot of them were calling the numbers that Elon Musk put forward nonsensical. Those were the words from the experts. The SEC clearly did not play its watchdog function that it is required to play [regarding the Space X IPO]. Then the index providers turned around, change their rules. And remember, these index providers, there's usually a delay from an IPO so that any froth can die down. (10:38–10:45)

CLAIM

Asserts that the SEC failed to fulfill its regulatory role concerning the Space X IPO.

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