Regulators | |
Regulators | |
589 VIEWS | |
![]() |
Tuesday, January 19, 2021 / 8:19AM / Our
Correspondent for WebTV / Header Image Credit: New York Post
Mr. Gary Gensler the 11th Chairman of
the Commodities Futures Trading Commission during the administration of
President Barack Obama (2009 to 2014), has been tapped by President-Elect,
Senator Joe Biden, to be the next Chairman of the Securities and Exchange
Commission, (SEC).
Born October 18, 1957 Gensler is a Professor at MIT
Sloan School of Management and served as Chairman of the Biden-Harris
transition review team on Federal Reserve, Banking and Securities Regulations.
He was the Under Secretary of
the Treasury for Domestic Finance (1999-2001), and the
Assistant Secretary of the Treasury for the Financial Markets(1997-1999).
Before his public service career, Gensler worked at Goldman Sachs for 18
years. Gensler was credited for his remarkable transformation of the Commodities
and Futures Trading Commission .
He has been described over the years as one of the
leading reformers after the global financial crisis of 2009. The academic and
financial market expert was instrumental to the passage of the Commodities
Futures Modernization Act, which exempted over-the-counter derivatives from
regulation.
He would take over from Mr Jay Clayton who concluded
his tenure as Chairman of the US SEC in December, 2020.
Mr. Gensler will be saddled with the responsibility of
ensuring effective regulation of the American capital market ensuring
transparency and accountability.
Related News
1.
Fee Rate Advisory #1 For Fiscal Year 2020 - US SEC
2.
Expectations Of Further US SEC Actions Against Token
Exchanges After EtherDelta
3. New US SEC Tool Allows Investors Identify Individuals
Parties To Past Enforcement Actions
4.
US SEC Proposes To Enhance Protections And Preserve
Choice For Retail Investors
5.
US SEC Breaks Silence On Certain Cryptocurrency Exchanges
6. US SEC: Kinross Gold Charged With FCPA Violations Over
Two African Subsidiaries
7.
US SEC Stops Ponzi-Schemer Targeting Retail Investors And
Obtains Preliminary Injunction