Trump taps veteran lawyer to fill vacant Dem SEC seat

President Trump on Tuesday announced he would nominate veteran finance lawyer Allison Lee to be the second Democratic commissioner on the Securities and Exchange Commission (SEC).

Lee has more than two decades of experience in securities law and served in several top roles at the SEC between 2005 and 2018. She was previously counsel to former SEC Commissioner Kara Stein, who Lee was nominated to replace, and senior counsel of the commission’s Complex Financial Instruments Unit.

Lee is also a former special assistant U.S. attorney and partner at Denver law firm Sherman & Howard.

Trump has appointed all four of the SEC’s current commissioners, two of which must be from different political parties than the other three. The president’s nominees include Chairman Jay Clayton, a former Republican now registered as an independent, Republican Commissioners Hester Peirce and Elad Roisman, and Democratic Commissioner Robert Jackson Jr.