Biden names Commissioner Herren Lee acting head of SEC
(Reuters) — President Joe Biden has named U.S. Securities and Exchange Commission Commissioner Allison Herren Lee, a Democrat, as acting chief of the financial industry regulator, the SEC said in a statement.
“During my time as Commissioner, I have focused on climate and sustainability, and those issues will continue to be a priority for me,” Ms. Herren Lee said in a statement released Thursday.
Sources have said former Commodity Futures Trading Commission (CFTC) Chairman Gary Gensler, who led Mr. Biden's transition planning for financial industry oversight, would be named as head of the SEC.
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Biden to name Gary Gensler SEC chair: Sources
(Reuters) — Gary Gensler will be named chair of the U.S. Securities and Exchange Commission by President-elect Joe Biden, said two sources familiar with the matter, an appointment likely to prompt concern among Wall Street firms of tougher regulation.
