Departure of SEC commissioner Allison Lee, preparing the financial regulator for Jaime Lizárraga

The US Senate has already confirmed the nomination of Allison Lee's replacement, Jaime Lizárraga, to work at the SEC for a term ending in 2027.< /p> New

Allison Herren Lee, one of five members of the board of directors of the United States Securities and Exchange Commission, has officially left the regulator after more than three years as commissioner.

In an announcement Friday, Chairman Gary Gensler and Commissioners Hester Peirce, Mark Uyeda and Caroline Crenshaw said Lee had left the SEC, where in 2005 she started as an attorney in the SEC's enforcement division. agency in a regional office in Denver. She was then appointed commissioner in 2019 under the former presidential administration, then served as the regulator's acting chair for three months, until Gensler's confirmation in April 2021.

"Commissioner Lee has been a strong advocate for strong and stable markets, including emphasizing the need for market participants to maintain the highest ethical standards," the remaining commissioners said in a joint statement.

Lee first announced his departure from the SEC in March, with Chairman Joe Biden in April appointing his replacement, Jaime Lizárraga, a member of House Speaker Nancy Pelosi's staff. The Senate confirmed Lizárraga's nomination on June 16 for an SEC term ending June 5, 2027.

Congratulations, Mark Uyeda and Jaime Lizárraga, on being appointed Commissioners of the Securities and Exchange Commission: https://t.co/IkB7XTUuEY

While at the SEC, Lee said the commission needed to “evolve...