Odaily Planet Daily News According to Bloomberg, SEC Commissioner Jaime Lizarraga, who previously served as a congressional aide, helped push for corporate reporting requirements on climate risks and data breaches while regulating Wall Street. He plans to resign on January 17. The day before Lizarraga announced this decision, SEC Chairman Gary Gensler stated he plans to leave on January 20. Bloomberg reports that after President Donald Trump's return to the White House, Caroline Crenshaw will be the only Democrat on the SEC's five-member commission, serving alongside Republicans Hester Peirce and Mark Uyeda. Note: The U.S. Securities and Exchange Commission (SEC) has five commissioners (the core decision-making body) because commissioners are appointed by the president with the Senate's consent, and no more than three members can belong to the same political party. The five-member structure is designed to balance the demands of different stakeholders, including investors, issuers, and exchanges. A smaller committee can enhance decision-making efficiency and avoid lengthy discussions.

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