Biden Is Expected to Name Gary Gensler for SEC Chairman
January 12 2021 - 4:00PM
Dow Jones News
By Andrew Ackerman, Dave Michaels and Paul Kiernan
WASHINGTON -- President-elect Joe Biden is expected to choose
Gary Gensler, a former financial regulator and Goldman Sachs Group
Inc. executive, to head the Securities and Exchange Commission,
according to people familiar with the decision.
Mr. Gensler's nomination would please liberal Democrats who
cheered the former regulator's tough approach to rule-making during
the Obama administration, when he spearheaded the overhaul of
derivatives markets mandated by the 2010 Dodd-Frank Act and the
prosecution of big investment banks for manipulating the London
interbank offered rate.
The choice of Mr. Gensler, who declined to comment, wasn't final
and could still change, the people said.
Write to Andrew Ackerman at andrew.ackerman@wsj.com, Dave
Michaels at dave.michaels@wsj.com and Paul Kiernan at
paul.kiernan@wsj.com
(END) Dow Jones Newswires
January 12, 2021 16:45 ET (21:45 GMT)
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