Gary Gensler said he is still mulling his next move, according to reports. Lefteris Pitarakis/AP file photo
CFTC Chief Noncommittal on Staying for Obama’s Second Term
White House reportedly asked him to continue implementing Dodd-Frank.
Gary Gensler, the chairman of the Commodity Futures Trading Commission, has been invited to stay through another term, The Wall Street Journal reported on Wednesday. But Gensler said he is still mulling his next move.
The CTFC, an independent regulatory body, and the Securities and Exchange Commission are immersed in crafting complex rules to implement the 2010 Dodd-Frank Financial Reform law. The SEC’s leadership is also in flux, with the pending nomination of former Justice Department and Wall Street attorney Mary Jo White.
Colleagues said Gensler, who took the CFTC post in May 2009, is considering leaving in the summer, perhaps for another economic policy post in the Obama administration.