#Gensler Likely Bidding Farewell to SEC#

Gary Gensler has seemingly posted a farewell tweet, announcing his resignation as Chairman of the U.S. Securities and Exchange Commission (SEC). In the tweet, he reflected on his accomplishments over the past four years, including updating rules for the stock and bond markets, shortening settlement cycles, and returning over $2.7 billion to harmed investors. Gensler stressed that serving as SEC Chairman was the honor of his life and stated that public service is a way to give back to the community. He believes that capital markets, competition, and common-sense rules benefit investors and issuers alike, and the SEC plays a crucial role in overseeing the markets and ensuring compliance with common-sense rules under U.S. securities laws. Gensler also listed specific achievements of the SEC over the past four years, including reducing costs and risks, strengthening market integrity, enhancing corporate governance transparency for public companies, establishing data breach notification rules, and laying the foundation for the use of artificial intelligence in finance. While Gensler's tweet did not explicitly state his resignation, its farewell tone was strong, prompting speculation about his future plans.