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Gary Gensler Is Picked to Lead S.E.C.



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The Biden administration said on Monday that it is tapping two financial regulators from the Obama administration to oversee key departments that had loosened their grip of the industry under President Trump.Gary Gensler, who led the Commodity Futures Trading Commission during the Obama administration from 2009 to 2014, will be President-elect Joseph R. Biden Jr.’s nominee to lead the Securities and Exchange Commission, these people said. Also, Rohit Chopra, the former assistant director of the Consumer Financial Protection Bureau, has been chosen to run that agency.“These tireless public servants will be a key part of our agenda to build …

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