He was the Under Secretary of the Treasury for Domestic Finance (19992001), and the Assistant Secretary of the Treasury for Financial Markets (19971999). Above: Gary Gensler in Washington, D.C. on July 30, 2013, Gensler discloses income figures in government ethics form, Also details past Tesla holding, Goldman pension payout amount. Gensler served as the 11th chairman of the Commodity Futures Trading Commission, under President Barack Obama, from May 26, 2009, to January 3, 2014. You get to decide whether you want to invest in this security or that securityand if they call themselves a token, theyre still probably, possibly, a security. [117][118] On the same day, The Wall Street Journal criticized Gensler for proposing legislation requiring public companies to disclose climate risks. [141][142][143] Also in October 2021, eight whistleblower complaints alleging securities fraud by Facebook, Inc. were filed anonymously with the SEC by Whistleblower Aid on behalf of former company employee Frances Haugen after Haugen leaked thousands of company documents to The Wall Street Journal the previous month. [22] After some initial opposition to Gensler's nomination amongst the progressive members of the Democratic caucus, Gensler was approved by the U.S. Senate in an 886 confirmation vote. About Gary Wang. [43][44] On September 21, Gensler remarked to The Washington Post that most cryptocurrency projects dealing with securities should fall under the regulatory purview of the SEC, though the Commodity Futures Trading Commission (CFTC), of which he was a former chair, was better suited for some others. [35] In 2019, the state enacted additional Commission-recommended legislation to create a Student Borrower Bill of Rights to protect students from predatory practices. Kilimanjaro.[250]. Quick Facts: Here are some interesting facts about Gary Gensler: [6], Gensler graduated from Pikesville High School in 1975,[9] where he was later given a Distinguished Alumnus award. [195][196] On April 4, Musk submitted a 13G filing with the SEC to purchase a 9.2% passive ownership stake in Twitter, Inc.,[197][198] but then submitted a Schedule 13D beneficial ownership filing reserving the right to purchase a larger stake in the company with the agency the next day (and because the disclosure was filed later than an SEC deadline, it may have made Musk an additional $156 million).