Allison Lee has finally been confirmed by the Senate as an SEC Commissioner. As a result, the SEC now has a full complement of Commissioners. Lee fills the Democratic seat formerly occupied by Kara Stein and, in fact, was her counsel for just over a year. In total, she was at the SEC for 13 years, including as Senior Counsel in Enforcement. Here is the statement of congratulations from the rest of the SEC.
As reported here, Commissioner Lee included this statement as part of her testimony at her confirmation hearings:
“I have seen, experienced and understood this interdependence between investors and business from nearly every angle. I worked in the oil business, at both private and public companies. I’ve owned and run my own small business. Since law school, I’ve worked for over two decades as a securities lawyer, first in private practice as a litigator and partner, and then I was privileged to work on the staff of the SEC. Like many Americans, I’ve worn a lot of hats and juggled a lot of priorities, working my way through college and eventually through law school, raising children, paying the bills, and investing my savings for retirement. If I have the honor of being confirmed, I will bring all of these perspectives to bear in my role as a Commissioner, and I will reach out and listen to all constituencies served by the SEC to further its critical mission.”