Biden names U.S. SEC Commissioner Herren Lee acting head of regulator

FILE PHOTO: The U.S. Securities and Exchange Commission logo adorns an office door at the SEC headquarters in Washington, June 24, 2011. REUTERS/Jonathan Ernst

WASHINGTON (Reuters) - U.S. President Joe Biden has named U.S. Securities and Exchange Commission Commissioner Allison Herren Lee, a Democrat, as acting chief of the financial industry regulator, the SEC said in a statement.

“During my time as Commissioner, I have focused on climate and sustainability, and those issues will continue to be a priority for me,” Herren Lee said in a statement released on Thursday.

Sources have said former Commodity Futures Trading Commission (CFTC) Chairman Gary Gensler, who led Biden’s transition planning for financial industry oversight, would be named as head of the SEC.

(This story corrects to show statement released Thursday, not Friday)

Reporting by Susan Heavey; Editing by Catherine Evans