What You Need to Know
- Uyeda would replace former SEC Commissioner Elad Roisman, a Republican.
- Lizárraga would replace Allison Herren Lee, a Democrat, whose term expires in June.
President Joe Biden on Wednesday nominated Jaime Lizárraga, senior advisor to House Speaker Nancy Pelosi, and Mark Uyeda, a securities counsel, to serve as commissioners at the Securities and Exchange Commission.
Lizárraga oversees issues relating to financial markets, housing, international financial institutions, immigration and small-business policy. He also serves as Pelosi’s liaison to the Congressional Hispanic Caucus, Biden said in his announcement.
Uyeda, a securities counsel on the minority staff of the Senate Committee on Banking, Housing, and Urban Affairs, has over 25 years of experience in corporate and securities law, including 18 years of public service working in federal and state government, according to Biden’s announcement. He has also served as assistant director and senior special counsel in the SEC’s Division of Investment Management.
Uyeda joined the SEC in 2006 and has worked in various capacities, including as senior advisor to former SEC Chairman Jay Clayton and former acting chairman Michael Piwowar, and as counsel to former SEC Commissioner Paul Atkins.
If confirmed, Uyeda would replace former SEC Commissioner Elad Roisman, a Republican, who left the agency at the end of January.