Securities and Exchange Commission (SEC) Chair Gary Gensler announced Thursday he will step down when President-elect Donald Trump assumes office on Jan. 20.
In a press release posted by the SEC, Gensler lauded the SEC’s staff as devoted public servants and said he was proud to lead a distinguished agency. Gensler also said he was grateful to President Joe Biden for entrusting him with the role.
“The Securities and Exchange Commission is a remarkable agency. 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. The staff comprises true public servants. 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 in a statement.
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