U.S. SEC chief Gensler to step down in January when Trump takes over [Globe and Mail, The (Toronto, Canada)]
JP Morgan Chase & Co. (JPM)
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Source: Globe and Mail, The
to examine the US Securities and Exchange Commission, on Capitol Hill in Washington, DC, on September 12, 2023. ANDREW CABALLERO-REYNOLDS/AFP/Getty Images U.S. Securities and Exchange Commission Chair Gary Gensler will step down on Jan. 20 when President-elect Donald Trump's administration takes over, the agency said on Thursday, ending an ambitious tenure that saw him clash with Wall Street and the crypto industry. “I thank President Biden for entrusting me with this incredible responsibility. The SEC has met our mission and enforced the law without fear or favor,” Gensler, who was nominated by Democratic President Joe Biden in 2021, said in a statement. Known for his hard-charging style, Gensler led an ambitious agenda to boost transparency, reduce systemic risks, and stamp out conflicts of interest on Wall Street, completing dozens of new rules, some of which have been challenged in court. Among his major accomplishments were changes to increase the resilience and efficienc
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