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Peirce, Crenshaw Sworn In as SEC Commissioners

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Hester Peirce and Caroline Crenshaw were sworn in Monday as commissioners at the Securities and Exchange Commission.

Both women were unanimously confirmed by the Senate on Aug. 6 and join fellow commissioners Allison Herren Lee and Elad Roisman, as well as Chairman Jay Clayton.

“On behalf of all my colleagues, I am pleased to congratulate Caroline and Hester on being sworn in as SEC commissioners,” said Clayton, in a statement.

“Caroline brings to the Commission a deep knowledge of the SEC and its work on behalf of America’s investors, and I look forward to seeing her expertise further benefit [our] work,” Clayton explained. “As a Commissioner, Hester has been a tremendous advocate for our markets and investors, and … she will continue to be a strong voice for them in the years to come.”

Crenshaw, a Democrat, is a captain in the U.S. Army Reserve, Judge Advocate General’s Corps, and has served in positions across the SEC, including in the Office of Compliance Inspections and Examinations, the Division of Investment Management, and as counsel to Commissioners Kara Stein and Robert Jackson.

Before joining the SEC in 2013, Crenshaw practiced law at Sutherland, Asbill and Brennan LLP, where she represented public companies, broker-dealers and investment advisors on complex securities law investigations and enforcement matters.

Crenshaw’s term expires on June 5, 2024.

Peirce, a Republican, first was sworn in as a commissioner in 2018. Prior to rejoining the SEC in 2018, Peirce conducted research on the regulation of financial markets at the Mercatus Center at George Mason University. She was a senior counsel on the Senate Committee on Banking, Housing, and Urban Affairs, where she advised ranking member Richard Shelby, R-Ala., and other members of the Committee on securities issues.

Previously, Peirce served as counsel to SEC Commissioner Paul Atkins. She also worked as a staff attorney in the SEC’s Division of Investment Management.

Peirce was also an associate at Wilmer, Cutler & Pickering (now WilmerHale) and clerked for Judge Roger Andewelt on the Court of Federal Claims.

Her term expires on June 5, 2025.