Home Alts News Mark Uyeda Sworn in as SEC Commissioner

Mark Uyeda Sworn in as SEC Commissioner

Mark Uyeda was sworn in as an SEC commissioner on Thursday after being nominated by President Biden earlier this year.

Mark Uyeda was sworn in as an SEC commissioner on Thursday after being nominated by President Biden earlier this year and confirmed by the U.S. Senate on June 16th.

Uyeda, whose term expires on June 5, 2023, was nominated to fill the open Republican seat vacated by former Commissioner Elad Roisman.

Democrat Jaime Lizárraga was confirmed by the Senate in mid-June and will serve a full five-year term until June 2027, replacing Allison Herren Lee. The agency will have a 3-2 Democrat majority with the addition of Lizárraga.

Uyeda has served on the staff of the SEC since 2006, including as senior advisor to chairman Jay Clayton, senior advisor to acting chairman Michael Piwowar, counsel to commissioner Paul Atkins, and various staff positions in the division of investment management. He most recently served on detail from the SEC to the Senate Committee on Banking, Housing, and Urban Affairs as a securities counsel to the committee’s minority staff.

“Mark brings extensive experience in corporate and securities law, including the past 15 years as our colleague at the SEC,” said Gensler. “I look forward to working with him to advance our mission to protect investors, maintain fair, orderly, and efficient markets, and facilitate capital formation.”

Prior to joining the SEC, Uyeda served as chief advisor to the California Corporations Commissioner, the state’s securities regulator. He also worked as an attorney at the law firms of K&L Gates (formerly known as Kirkpatrick & Lockhart LLP) in Washington, D.C., and O’Melveny & Myers LLP in Los Angeles.

Commissioner Uyeda holds a bachelor’s degree in business administration from Georgetown University and a law degree from the Duke University School of Law.

The SEC’s five commissioners are appointed by the President with the consent of the Senate. Their terms last five years and no more than three commissioners may belong to the same political party. Commissioners may serve up to 18 months beyond the expiration of their terms.

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