CFA wrote to members of the Senate Banking Committee urging support for Gary Gensler, President Biden’s nominee to chair the Securities and Exchange Commission. “Mr. Gensler combines a Wall Street insider’s market expertise with an unwavering commitment to the public interest and the skills of a seasoned regulator. These traits make him ideally suited to fulfill the important responsibilities of SEC Chair,” the letter states. “As recent events have so dramatically demonstrated, the public’s faith in the integrity of our capital markets hangs by a thread. If investors lose faith in our markets, or if issuers conclude that our markets are too unpredictable to serve as a reliable source of capital, our economy will suffer. Mr. Gensler has the expertise, experience, and public interest commitment necessary to oversee a careful review our regulations, identify weaknesses, and craft a regulatory response that is both workable and effective. We therefore urge you to approve his nomination without delay so that he can quickly set about the challenging task before him.”