Statement on the Departure of Chair Gary Gensler

Today is Chair Gensler's final day at the Securities & Exchange Commission.

Chair Gensler joined the Commission in 2021 with a lengthy career in public service. He previously served as the Chairman of the Commodity Futures Trading Commission, the Under Secretary of the Treasury for Domestic Finance, the Assistant Secretary of the Treasury for Financial Markets, and as a senior advisor for U.S. Senator Paul Sarbanes. He brought that extensive experience and knowledge of the financial markets to bear as Chair, where together we have worked to further the Commission's mission to protect investors, maintain fair, orderly and efficient markets, and facilitate capital formation.

Although as Commissioners we approached policy issues from different perspectives, there was always dignity in our differences. Chair Gensler has been committed to bipartisan engagement and a respectful exchange of ideas, which has helped facilitate our service to the American public. For that we are deeply grateful.

We have finalized rules that have promoted market integrity and corporate governance, streamlined open-end fund disclosures, reduced settlement times, and passed needed reforms to the plans corporate insiders use to buy and sell company stock, among many other policy changes. Together we have returned billions of dollars to investors harmed by violations of the securities laws and helped educate the public on the risks and rewards of investing their savings. This record helps cement Chair Gensler's legacy of unwavering commitment, not only to public service, but to the American investor.

Thank you also to the Chair's hardworking staff, who took on significant tasks and approached each one with diligence and creativity. We appreciate your professionalism and commitment to public service.

Thank you, Chair, for your leadership, your zealous advocacy on behalf of our agency and investors, and your friendship. We are proud to have served this great agency alongside you. Your extensive public service over the past thirty years cautions against saying goodbye; instead, we will say - so long for now.