WASHINGTON – The Securities and Exchange Commission (SEC) announced the upcoming departure of its Chair, Gary Gensler, who will leave the agency at noon on January 20, 2025. Gensler, who began his term on April 17, 2021, has been at the helm of the SEC during a period of significant rulemaking and enforcement designed to enhance the U.S. capital markets‘ efficiency, resilience, and integrity.
Under Gensler’s leadership, the SEC has implemented major reforms across various sectors of the financial markets. In the Treasury markets, the SEC adopted rules to promote central clearing and narrow broker-dealer exemptions from registration, targeting a reduction in costs and risks. Equity markets saw their first substantial updates in nearly two decades, with unanimous approval for changes to the National Market System, including more efficient trading, narrower spreads, lower fees, and a shortened settlement cycle.
Gensler’s tenure also emphasized the robustness of financial…
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