Robinhood Chief Legal Officer Gallagher is Frontrunner To Replace SEC Chair Gensler
Former SEC commissioner Dan Gallagher, 45, has emerged as a prime candidate to guide the Securities and Change Fee (SEC) following Donald Trump’s presidential election win.
The would-be nomination represents a dramatic flip for the regulatory company, since Gallagher, a former SEC commissioner between 2011 and 2015 below the Obama presidency, might effectively succeed the at the moment main chair, Gary Gensler. Trump promised unequivocally to fireplace Gensler “on day one” of his presidency.
Different candidates nonetheless in consideration embrace Paul Atkins, one other former Republican SEC commissioner who performed an vital function in Trump’s 2016 transition crew, and Robert Stebbins, associate at Willkie Farr & Gallagher, who was the final counsel of the SEC in the course of the earlier Trump administration.
Gensler, a 2021 Biden appointee, additionally mentioned he would resign if Trump wins, although his time period is about to final till 2026.
This text accommodates hyperlinks to third-party web sites or different content material for info functions solely (“Third-Get together Websites”). The Third-Get together Websites should not below the management of L3B7, and L3B7 isn’t answerable for the content material of any Third-Get together Web site, together with with out limitation any hyperlink contained in a Third-Get together Web site, or any modifications or updates to a Third-Get together Web site. L3B7 is offering these hyperlinks to you solely as a comfort, and the inclusion of any hyperlink doesn’t suggest endorsement, approval or advice by L3B7 of the location or any affiliation with its operators.
This text is meant for use and have to be used for informational functions solely. You will need to do your personal analysis and evaluation earlier than making any materials selections associated to any of the services or products described. This text isn’t meant as, and shall not be construed as, monetary recommendation.
The views and opinions expressed on this article are the writer’s [company’s] personal and don’t essentially replicate these of L3B7.
