By Phyllis Diamond, Bloomberg BNA
Robert J. Jackson Jr., a corporate law professor at Columbia Law School, will be nominated for a Democratic seat on the Securities and Exchange Commission, the White House said today.
Jackson is director of the law school’s Program on Corporate Law and Policy, according to his biography on the university’s website. His research emphasizes empirical study of executive compensation and corporate governance matters.
Jackson’s pending nomination is the second for the SEC this summer. In July, the White House named Hester Peirce, a former SEC counsel and Senate aide, to a Republican slot on the commission. If confirmed by the Senate, Jackson and Peirce would join Chairman Jay Clayton and Commissioners Michael Piwowar and Kara Stein, marking the first time the five-member agency has had a full complement of members since 2015.
Before joining the Columbia faculty in 2010, Jackson was a Treasury Department adviser and practiced law at Wachtell, Lipton, Rosen & Katz, his biography said. His research topics include leakage of material non-public information when activist hedge funds gain seats on corporate boards, and how the SEC’s system for disseminating market-moving information in securities filings gives some investors an advantage over others. Jackson also co-chaired a panel of legal academics that petitioned the SEC for rulemaking to require corporations to disclose their political spending.