Gary Gensler’s recent speech at the Annual Institute on Securities Regulation event indicates that he may expect to be out of office soon. This follows a pattern of SEC Chairs resigning following a change in administration.

In what sounded awfully close to a farewell speech, Gensler made only passing reference to his most controversial disclosure rule, on climate change.

Onlookers noted that SEC Chair Gary Gensler reffered to his time at the agency in past tense during a recent speech.