The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:Biden Finds Clayton's Successor Not Rated 0.0 Email Routing List Email & Route  Print Print
Wednesday, January 13, 2021

Biden Finds Clayton's Successor

News summary by MFWire's editors

A top regulator under President Obama may soon take over the U.S. Securities and Exchange Commission.

Gary Gensler
MIT Sloan School of Management
Professor of the Practice of Global Economics and Management
President-elect Joe Biden has chosen Gary Gensler to be the next SEC chair, unnamed sources reportedly told Reuters and other publications. Gensler is professor of the practice of global economics and management at MIT's Sloan School of Management, and he's been leading the incoming administration's financial industry oversight transition planning.

SEC commissioner Elad Roisman took over last month as acting chairman after the departure of chairman Jay Clayton.

Back in the Obama administration, when Biden was Vice President, Gensler led the Commodity Futures Trading Commission (CFTC). Under him, the CFTC rescinded a rule exempting SEC-registered mutual funds using futures and other commodities-tied investing products from also registering with the CTFC, a move for which trade groups sued the CFTC. Gensler also received one of columnist Chuck Jaffe's lump of coal awards and was rumored to be a contender for Treasury Secretary.

An alumnus twice over of the University of Pennsylvania's Wharton School and a Baltimore native, Gensler spent 18 years at Goldman Sachs before entering the public sector, becoming Assistant Secretary of the Treasury during the Clinton administration. Later, he was a Senate staffer who helped write Sarbanes-Oxley and then was picked by Obama to lead the CFTC. 

Edited by: Neil Anderson, Managing Editor

Stay ahead of the news ... Sign up for our email alerts now

 Do You Recommend This Story?

Return to Top
 News Archives
2024: Q3Q2Q1
2023: Q4Q3Q2Q1
2022: Q4Q3Q2Q1
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Add to My Yahoo!
follow us in feedly

©All rights reserved to InvestmentWires, Inc. 1997-2024
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use