Securities Law News

Allison Lee Is Said to Be Pick for SEC’s Vacant Democratic Seat

March 20, 2019, 8:23 PM

President Donald Trump is preparing to name Allison Lee in the coming weeks to fill the open Democratic seat on the Securities and Exchange Commission, according to people familiar with the matter.

The selection of Lee to replace Kara Stein, who left the SEC in January after her term ended, would bring the five-member commission back to full strength if she is confirmed by the Senate. She is a former aide to Stein who also worked as a enforcement division lawyer during her time at the agency.

Lee’s nomination has been pending at the White House for months, according to...

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