On Wednesday, President Biden announced that he has nominated Mark Uyeda to function a member of the Securities and Alternate Fee. Mark’s work historical past as an legal professional on the SEC ought to equip him effectively to function a Commissioner. He beforehand served as Senior Advisor to Chairman Jay Clayton and Performing Chairman Michael S. Piwowar, and as Counsel to Commissioner Paul S. Atkins. President Biden additionally nominated Jaime Lizárraga to fill the opposite vacant seat on the Fee.
Whereas each nominees have connections to California, I’m significantly happy to study Mark’s nomination as a result of he as soon as labored on the California Division of Companies (now often called the Division of Monetary Safety & Innovation), the place he served as Chief Advisor to the Commissioner of Companies. Over time, a number of alumni of the DOC have moved on to work on the SEC, however so far as I do know, Mark would be the first to grow to be a Commissioner.