By Peter Dizikes

Gary Gensler, a leading finance expert and a faculty member at the MIT Sloan School of Management, has been picked by President-elect Joe Biden as his nominee to be chair of the U.S. Securities and Exchange Commission (SEC).

Gensler is a veteran of both public service and the private sector, and has been a proponent of reform and transparency in financial markets. He is perhaps best known for his influential tenure as chair of the Commodity Futures Trading Commission (CFTC) during the Obama administration, from 2009 to 2014.