SEC Chair to Step Down Upon Trump Administration’s Return

The U.S. Securities and Exchange Commission (SEC) on Thursday announced the Jan. 20 departure of Chair Gary Gensler. “It has been an honor of a lifetime to serve with them on behalf of everyday Americans and ensure that our capital markets remain the best in the world,” Gensler said. President Joe Biden nominated Gensler as the 33rd chair of the SEC in 2021. He began his tenure in April of that year, leading the agency through what the SEC called “a robust rulemaking agenda” to increase efficiency in the market. “The Securities and Exchange Commission is a remarkable agency,” Gensler said. “The staff and the Commission are deeply mission-driven, focused on protecting investors, facilitating capital formation, and ensuring that the markets work for investors and issuers alike.”...