"I thank President Biden for entrusting me with this incredible responsibility. The SEC has met our mission and enforced the law without fear or favor," Gensler stated, reflecting on his tenure in leading the SEC.
Gensler's tenure was marked by significant reforms aimed at increasing market transparency and efficiency, highlighted by completed dozens of new rules, many of which faced legal challenges.
Under Gensler's leadership, the SEC imposed oversight on auditors of US-listed Chinese companies, marking a pivotal step in securing protections for US investors against risks associated with foreign entities.
The SEC, during Gensler's term, also made strides in enforcing regulations against unauthorized communication on Wall Street, culminating in over $2 billion in fines against major firms like JP Morgan and Goldman Sachs.
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