SEC Commissioner Allison Lee. (Photo: Diego M. Radzinschi/ALM) SEC Commissioner Allison Herren Lee. (Photo: Diego M. Radzinschi/ALM)

The Senate confirmed by voice vote on Thursday Allison Herren Lee to serve as a commissioner on the Securities and Exchange Commission.

President Donald Trump announced on April 2 that he had nominated Lee, who served at the SEC from 2005 to 2018 in various roles including senior counsel in the Complex Financial Instruments Unit, and as counsel to former Commissioner Kara Stein.

Lee, a Democrat, will serve a term expiring June 5, 2022.

The SEC now has a full slate of commissioners. However, SEC Commissioner Robert Jackson, the other Democrat on the commission, plans to head back to New York University’s law school for the fall semester.

SEC Chairman Jay Clayton and the commissioners released a joint statement late Thursday congratulating Lee on her appointment. “We congratulate Allison on her successful Senate confirmation, and, on behalf of the entire agency, we welcome her back to the SEC. We look forward to her further contributions to our work in advancing the agency’s mission on behalf of our investors and markets.”

Michael Pieciak, president of the North American Securities Administrators Association and Vermont financial regulation commissioner, said Thursday that “state securities regulators congratulate” Lee on her confirmation by the Senate. “We look forward to working with Commissioner Lee, her fellow commissioners and Chairman Clayton on our mutual goal of protecting Main Street investors and the integrity of the securities markets they depend upon for their financial future.”

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