Please try another search
Stock Markets3src minutes ago (Mar src5, 2022 srcsrc:3srcAM ET)
© Reuters. FILE PHOTO: Commissioner Allison Lee participates in a U.S Securities and Exchange Commission open meeting to propose changing its decades-old definition of an “accredited investor” in order to allow more Americans to buy shares in private companies, in W
By Katanga Johnson
WASHINGTON (Reuters) -U.S. Securities and Exchange Commission (SEC) Democratic Commissioner Allison Lee plans to leave the agency after her term ends in June, but will remain in office until a successor is named, she said in a Tuesday statement.
“My term as Commissioner expires in June of this year, and I have notified President Biden that I intend to step down from the Commission once my successor has been confirmed,” Lee said on Tuesday.
Lee’s departure would come as the agency tackles an ambitious agenda of rule changes that would affect public companies, brokers, Wall Street banks and investment funds.
The SEC would still maintain a thin 2-src Democratic majority, however, as it continues to await a replacement of one empty Republican seat vacated by former Commissioner Elad Roisman in January.
A commissioner since 20src9, Lee had previously spent several years in senior roles at the SEC from 2005 to 20src8, including time as an enforcement attorney.
In January 202src, she began serving as acting chair of the agency until Gary Gensler was sworn in as chief of the Wall Street regulator in April 202src.
“Allison Lee definitively raised the bar while serving as acting chair of the SEC,” said Satyam Khanna, a sustainability consultant and former SEC policy advisor for climate and ESG.
“She launched pathbreaking ESG initiatives across the SEC, including issuing a request for public information on climate risk disclosure; directing the examination unit to enhance its focus on ESG; and helping shine a light on how investors’ money is voted in corporate elections,” Khanna said.
Related Articles
Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.