White House Seeks Second Term For CFTC Chief

Mar 6 2013 | 9:45am ET

The White House has asked Commodity Futures Trading Commission Chairman Gary Gensler to stick around for President Barack Obama's second term.

Gensler, who was approached in January, is mulling the offer of a second five-year term. Either way, he has assured the White House that he will remain in his post through at least December. There is no deadline for Gensler to accept or decline the offer.

Gensler is also considering other options, including within the administration. He has talked about moving to the Treasury or Commerce departments with the White House, and expressed an interest in running the Securities and Exchange Commission. Obama nominated former prosecutor Mary Jo White to that post.

Gensler told The New York Times in 2010 that, whatever he does, he will not be returning to Wall Street; he formerly worked at Goldman Sachs. He has led the CFTC since 2009.


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Securities and Exchange Commission Chair Mary Jo White will step down as chair of the nation’s Wall Street overseer in January, setting the stage for a potential conservative shift in the regulator’s leadership under the incoming Donald Trump administration.