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Biden to Pick ex-CFTC Chief as New SEC Chairman


mlawson71
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Biden’s pick for the new chairman of the Securities and Exchange Commission (SEC) may be Gary Gensler, former CFTC chief. He is on top of the list of candidates and Biden will name his pick once he has named his attorney general, which in turn will happen once Biden is inaugurated on January 20th.

Gensler is currently leading Biden’s transition review team, which also covers the choice of the SEC leader. Apart from Gensler the commission consists of political appointees, tied to two Democratic and Republican commissioners, whose main duties are to tackle key transitory issues.

Gensler was in charge of the CTFC back in 2019. He’s a former banker at Goldman Sachs and MIT Sloan School of Management professor so he is certainly competent for the job.

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Let's see what policies the new SEC chairman will set in the coming years.

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