Gary Gensler is suspected of writing a farewell: serving as chairperson of the Securities Exchange Commission is the honor of a lifetime
Gary Gensler wrote in a suspected farewell post on the X platform, writing: It has been the privilege of my life to serve as Chairperson of the Securities Exchange Commission, and public service is about giving back to our community, whether it is a neighborhood, county, or state; or, as part of this institution, I am convinced that capital markets, competition, and common sense rules are beneficial to both investors and issuers, which is why the Securities Exchange Commission and its staff play a key role in overseeing the market and ensuring compliance with the common sense rules of U.S. securities laws:
1. We reduced costs and risks and enhanced the integrity of our two largest markets, the nearly $60 trillion equity market and the $28 trillion Treasury market.
2. We assist in enhancing the transparency and integrity of corporate governance in publicly traded companies, including by implementing new cooling-off periods and other conditions before company insiders who may have material non-public information trade in their company's securities.
3. We have established rules requiring regulated broker-dealers and investment advisors to notify clients of data breaches that could put personal information at risk.
4. We laid the groundwork for an important debate about the increasingly widespread use of artificial intelligence in finance.
5. We have updated the rules of the stock market and the national debt market to shorten the settlement cycle.
6. We returned more than $2.70 billion to impaired investors.