Gary Gensler (64) serves as the chair of the U.S. Securities and Exchange Commission. (After President Joe Biden nominated him for the position, he was confirmed by a 53-45 vote in the Senate.) In addition, Gensler is a professor at the MIT Sloan School of Management. Prior to his career in the federal government, he worked at Goldman Sachs, where he was a partner and co-head of finance.
Quote: “CNBC reports that Gensler’s announcement represents the biggest shake-up of U.S. equity market rules in a decade and will probably lead to formal proposals this fall.
The rules he proposed intend to ‘drive greater efficiencies in our equity markets, particularly for retail investors,’ [Gensler] said.”
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