SEC Chair Gensler Discusses Customer Protection Rule

By Gary Gensler December 24, 2024 by Gary Gensler

Today [December 20], the Commission adopted amendments on the requirements for large broker-dealers to calculate and segregate their customer balances daily rather than weekly. I am pleased to support this adoption because it helps better protect customers in the event …

SEC Chair Gensler Speaks on Electronic Filing

By Gary Gensler December 17, 2024 by Gary Gensler

Today [December 16], the Commission approved a final rule to require broker-dealers, securities-based swap dealers, exchanges, clearing agencies, and other self-regulatory organizations to submit forms electronically. I am pleased to support this adoption because it would improve the efficiency of …

SEC Chair Gensler Speaks Before the Investor Advisory Committee

By Gary Gensler December 12, 2024 by Gary Gensler

Good morning. I am pleased to meet with the Investor Advisory Committee. As today’s meeting is the last of this Administration, I’d like to share some reflections about this Committee and its importance to everyday investors.

As is customary, I’d

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SEC Chair Gensler Speaks Before the Financial Stability Oversight Council

By Gary Gensler December 10, 2024 by Gary Gensler

Thank you, Secretary Yellen, for your leadership of this council these last four years. I also want to thank my fellow council members and their staffs for the collaborative efforts we’ve all put in to ensure that the risks in …

SEC Chair Gensler Speaks on Car Keys, Football, and Effective Administration

By Gary Gensler November 15, 2024 by Gary Gensler

When I was with you two years ago, I quoted President Franklin Roosevelt when he signed the first of the foundational securities laws in 1933: “This law and its effective administration are steps in a program to restore some old-fashioned …

SEC Chair Gensler Speaks on Modernizing Equity Markets

By Gary Gensler October 22, 2024 by Gary Gensler

Nearly four years ago, Jen Psaki was freshly in her White House press secretary job when she had to answer questions about the GameStop fallout from the podium.[1] A few months later, my first testimony as SEC Chair was …

SEC Chair Gensler on Tick Sizes and Other Updates to Equity Market Rules

By Gary Gensler September 19, 2024 by Gary Gensler

Today [September 18], the Commission will consider updating rules for the $55 trillion equity markets. I am pleased to support these rules because they would enhance competition, efficiency, and fairness, benefitting investors and capital formation alike.

In 1975, Congress tasked …

SEC Chair Gensler Speaks to Small Business Capital Formation Advisory Committee

By Gary Gensler July 31, 2024 by Gary Gensler

Good morning. I’m pleased to speak with the Small Business Capital Formation Advisory Committee. As is customary, I’d like to note that my views are my own as Chair of the Securities and Exchange Commission, and I am not speaking

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SEC Chair Gensler on Registration Form for Index-Linked Annuities

By Gary Gensler July 5, 2024 by Gary Gensler

Today [July 1], the Commission adopted amendments to provide a tailored form to register the offerings of registered index-linked annuities (“RILAs”) and registered market value adjustment annuities (“registered MVA annuities”). I am pleased to support this adoption because it fulfills …

SEC Chair Gensler Speaks on Shortening the Settlement Cycle

By Gary Gensler June 21, 2024 by Gary Gensler

Last month, the U.S. smoothly shortened the settlement cycle for equities, corporate bonds, and municipal securities to one day after the transaction date (T+1). This step better unifies the U.S. market structure, where Treasuries, options, and mutual funds already largely …

SEC Chair Testifies Before Senate Subcommittee on Financial Services

By Gary Gensler June 14, 2024 by Gary Gensler

Good morning, Chair Van Hollen, Ranking Member Hagerty, and members of the Subcommittee. Thank you for inviting me to testify today on the Securities and Exchange Commission’s Fiscal Year (FY) 2025 budget request. As is customary, I’d like to note …

SEC Chair Speaks on Markets, Securities Laws, and the SEC

By Gary Gensler June 12, 2024 by Gary Gensler

I’d like to welcome you—the nearly 120 members of the “Class of 2024” attending the SEC’s International Institute on Securities Market Growth and Development. As is customary, I’d like to note that my views are my own as Chair of

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SEC Chair Gensler Speaks on Trends in Asset Management

By Gary Gensler May 17, 2024 by Gary Gensler

As is customary, I’d like to note that my views are my own as Chair of the Securities and Exchange Commission, and I am not speaking on behalf of my fellow Commissioners or the staff.

Jack Bogle, the father of

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SEC Chair Speaks on Mandatory Disclosure at Conference Honoring John C. Coffee, Jr.

By Gary Gensler March 25, 2024 by Gary Gensler

Today, Columbia is honoring Jack Coffee, a leader of securities law scholarship and policy. I hope Columbia one day might invite me back to celebrate your career, Professor Fox. Caveat inviter, though, at the SEC, we are Merritt neutral. As …

SEC Chair Gensler on Final Rules Regarding Mandatory Climate Risk Disclosures

By Gary Gensler March 7, 2024 by Gary Gensler

Today [March 6], the Commission is considering whether to adopt final rules to mandate climate risk disclosures by public companies and in public offerings. I am pleased to support this adoption because it benefits investors and issuers alike. It would …

SEC Chair Speaks on AI, Finance, Movies, and the Law

By Gary Gensler February 16, 2024 by Gary Gensler

Good afternoon. As is customary, I’d like to note that my views are my own as Chair of the Securities and Exchange Commission, and I am not speaking on behalf of my fellow Commissioners or the staff.

Scarlett Johansson played

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SEC Adopts New Rule on Reporting by Private Fund Advisers

By Gary Gensler February 9, 2024 by Gary Gensler

Today [February 8], the Commission voted to adopt amendments to Form PF, an important reporting tool whereby the Commission and the Financial Stability Oversight Council (FSOC) receive reporting from private fund advisers. I am pleased to support the adoption because

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SEC Chair Speaks on Denial of Petition to Change No-Admit, No-Deny Policy

By Gary Gensler January 31, 2024 by Gary Gensler

Today [January 30], the Commission denied a Petition for Rulemaking[1] to amend Rule 202.5(e), more commonly known as the Commission’s no-admit/no-deny policy. I was pleased to support the Commission’s decision.

The Commission’s no admit/no deny policy was adopted in

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SEC Chair Speaks on Final Rules for SPACs, Shell Companies, and Projections

By Gary Gensler January 25, 2024 by Gary Gensler

Today [January 24], the Commission is considering whether to adopt final rules that will strengthen protections for investors in special purpose acquisition companies (SPACs). I am pleased to support these final rules because they will better align the protections investors

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SEC Chair Gensler Speaks About Approval of Spot Bitcoin Exchange-Traded Products

By Gary Gensler January 11, 2024 by Gary Gensler

Today [January 10], the Commission approved the listing and trading of a number of spot bitcoin exchange-traded product (ETP) shares.

I have often said that the Commission acts within the law and how the courts interpret the law. Beginning under

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