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Biden Names Acting Chair of the SEC

President Joe Biden has designated Allison Herren Lee as acting chair of the Securities and Exchange Commission.

President Joe Biden has appointed Allison Herren Lee to serve as acting chair of the Securities and Exchange Commission. Lee was appointed as an SEC commissioner by former President Donald Trump and was sworn in on July 8, 2019 after unanimous confirmation by the Senate.

“It’s an honor to continue my service on the Commission in this new role…,” said Lee. “During my time as Commissioner, I have focused on climate and sustainability, and those issues will continue to be a priority for me.”

Lee has more than two decades of experience as a securities law practitioner. She has written, lectured, and taught courses internationally in Spain and Italy on financial regulation and corporate law. She served for more than a decade in various roles at the SEC, including as counsel to Commissioner Kara Stein, and as senior counsel in the division of enforcement’s complex financial instruments unit.

In addition, she has served as a special assistant U.S. attorney, was a member of the American Bar Association’s former committee on public company disclosure and participated on a United States Agency for International Development project in Armenia.

Prior to government service, Lee was a partner at Sherman & Howard LLC, focusing on securities, antitrust, and commercial litigation. A member of the Colorado bar, she holds a bachelor’s degree in business from the University of Colorado and a juris doctor from the University of Denver College of Law, where she was salutatorian, a chancellor’s scholar, and served on the law review.

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