Jaime Lizárraga , SEC Commissioner decides to resign on January 17th. This will leave only one Democrat at the time the president-elect joins the office.
On Friday November 22nd, Lizarraga shared with Bloomberg Law that he is soon leaving SEC Commission for leisure time with his family especially his wife, fighting breast cancer.
He is resigning after three years as he joined SEC in 2022. He had two more years before his term expires in 2027.
Lizárraga stated, “in reflecting on the challenges that lie ahead, we have decided that it is in the best interests of our family to close this chapter in my 34-year public service journey”. Furthermore, he said that until January he will be fully participating in the Commission’s current work and duties.
The announcement of Lizárraga’s resignation follows SEC Chair Gary Genler’s, who is departing on Jan 20th. As these two opt out of the Commission, they are leaving Caroline Crenshaw as the only Democrat behind who will be working with Republicans Hester Peirce and Mark Uyeda.
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