Jaime Lizárraga, one of the three Democratic commissioners of the U.S. SEC, plans to resign early next year, having informed President Joe Biden of his intention to leave at the end of January to spend more time with his family. This announcement follows U.S. SEC Chairman Gary Gensler's similar plan to resign in January, leaving Commissioner Caroline Crenshaw as the sole Democrat leading the SEC. Lizárraga and Gensler have a history of working together at both the SEC and the U.S. Treasury Department after the 2008 financial crisis.
Jaime Lizárraga, one of the three Democratic commissioners of the U.S. SEC, plans to resign early next year, having informed President Joe Biden of his intention to leave at the end of January to spend more time with his family. This announcement follows U.S. SEC Chairman Gary Gensler's similar plan to resign in January, leaving Commissioner Caroline Crenshaw as the sole Democrat leading the SEC. Lizárraga and Gensler have a history of working together at both the SEC and the U.S. Treasury Department after the 2008 financial crisis.