Gensler Could Steer SEC Toward Stronger Investor Protection
By Tom Zanki (January 19, 2021, 12:39 PM EST) -- Gary Gensler's nomination as U.S. Securities and Exchange Commission chairman could lead the agency to bolster investor protections, including providing stronger disclosure of climate risks, and pare back or reverse Trump-era rulemaking seen as friendly to business.
Gensler, a former Goldman Sachs banker and Treasury Department official who chaired the Commodity Futures Trading Commission for five years following the financial crisis, was nominated by President-elect Joe Biden on Monday to serve as the SEC's next chairman.
Gensler, seen as a progressive willing to apply tough rules on Wall Street, led the CFTC from 2009 to 2014. The derivatives watchdog under Gensler...
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