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BREAKING: New Acting SEC Chair Named

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Thu, 21/01/2021 - 19:23
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BREAKING: New Acting SEC Chair Named
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President Joe Biden has named Democrat Allison Herren Lee as the new acting chair of the U.S. Securities and Exchange Commission, according to a Jan. 21 press release

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While commenting on the appointment, Chair Lee mentioned that the securities watchdog would continue its work of protecting investors:

I have tremendous respect for my colleagues on the Commission and the exceptional staff across the agency, and look forward to working closely with them. Together we will continue the agency’s work of protecting investors and ensuring market integrity.  

Lee has replaced Republican Elad Roisman who was appointed as the agency's interim chairman following the departure of Jay Clayton back in December.      

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Biden's recent nomination of former CFTC chair Gary Gensler is subject to a future Senate confirmation.   

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

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