Columbia Law Professor Picked to Fill SEC Commissioner Seat

White House also nominates an Assistant Secretary of Labor, Congressional and Intergovernmental Affairs

SEC headquarters in Washington. (Photo: National Law Journal) SEC headquarters in Washington. (Photo: National Law Journal)

The White House has nominated Columbia Law School Professor Robert Jackson as the new commissioner at the Securities and Exchange Commission with a term expiring on June 5, 2019.

President Donald Trump has also nominated Katherine Brunett McGuire of Virginia to be an assistant secretary for Congressional and Intergovernmental Affairs at the Labor Department.

The White House has yet to nominate an assistant secretary of Labor for the Employee Benefits Security Administration, to replace Phyllis Borzi, the architect of Labor's fiduciary rule.

Jackson, who is also director of Columbia’s Program on Corporate Law and Policy, also served as a senior advisor at the Treasury Department during the financial crisis, assisting Kenneth Feinberg in his work as special master to oversee the Troubled Asset Relief Program (TARP) executive compensation.

The term of Kara Stein, the SEC's only current Democratic commissioner, expired on June 5, but commissioners can stay on up to 18 months after their term has expired. Jackson would fill the other Democratic seat on the commission.

The White House on July 24 sent to the Senate the nomination of Hester Peirce to be a commissioner at the agency.

Peirce, a Republican who’s currently director of the Financial Markets Working Group and senior research fellow at the Mercatus Center at George Mason University, would replace former SEC Commissioner Luis Aguilar. If confirmed by the full Senate, Peirce’s term would expire on June 5, 2020.

Jackson holds two bachelor’s degrees from the University of Pennsylvania, an MBA in finance from the Wharton School of Business, a master’s degree from Harvard’s Kennedy School of Government, and a law degree from Harvard Law School.

According to the White House announcement, he was born in the Bronx, New York. Jackson currently lives in New York City.

McGuire currently serves as chief of staff to Rep. Randy Hultgren. R-Ill., and previously served as staff director of the Senate Health, Education, Labor and Pensions (HELP) Committee under chairman Sen. Mike Enzi, R-Wyo.

Prior to her role on the Committee, she served as legislative director to Enzi and also staff director on the Senate Committee on Banking, Housing and Urban Affairs’ Subcommittee on Securities and Investment.

Earlier posts include jobs in the Senate with Assistant Republican Leader Alan K. Simpson and Sen. Richard Lugar. Her private sector experience includes leading BSA The Software Alliance’s global public policy and government relations division as vice president, concentrating on promoting innovation and intellectual property protection.

She earned a B.S. and M.S. in agricultural economics from the University of Wyoming. She lives with her husband and two children in Virginia.

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