Gary Gensler, chairman of the Commodity Futures Trading Commission (CFTC), speaks during a Senate Banking Committee hearing in Washington, D.C., U.S., on Tuesday, July 30, 2013.

Andrew Harrer | Bloomberg | Getty Images

Gary Gensler, a top financial regulator under the Obama administration, is expected to be named chair of the U.S. Securities and Exchange Commission (SEC) by President-elect Joe Biden in coming days, two sources familiar with the matter said on Tuesday.

Gensler was chair of the Commodity Futures Trading Commission (CFTC) from 2009 to 2014, and since November has led Biden’s transition plan for financial industry oversight.

Gensler did not respond to a request for comment. A spokesperson for Biden did not immediately respond to a request for comment.

This story is developing. Please check back for updates.

CORRECTION: This article has been updated to correct the day of the week Reuters spoke with its sources.

Originally published at CNBC

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