Financial regulator Jaime Lizárraga takes the baton from the exiting commissioner, Allison Lee, at the SEC. Lee had previously manifested that the commission needed to “evolve with changing technologies”.
Allison Herren Lee, one of five members of the United States Securities and Exchange Commission’s board, has officially left the regulatory body after more than three years as a commissioner.
In a Friday announcement, chair Gary Gensler and commissioners Hester Peirce, Mark Uyeda, and Caroline CrenshawLee had left the SEC, where in 2005 she started as a staff attorney at the agency’s enforcement division at a regional office in Denver. She moved on to be appointed a commissioner in 2019 under the former presidential administration, and later served as acting chair to the regulatory body for three months, until Gensler’s confirmation in April 2021.
“Commissioner Lee has been a stalwart advocate for strong and stable markets, including by emphasizing the need for market participants to maintain the highest ethical standards,” said the remaining commissioners in a joint statement.
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