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SEC’s Clayton to Regain Swing Vote Status With Lee Confirmation

June 20, 2019, 7:35 PMUpdated: June 20, 2019, 8:32 PM

The Securities and Exchange Commission is poised to have a full set of commissioners for the first time since January after the Senate confirmed Allison Lee to fill an open seat.

Lee, a former SEC official, was approved by lawmakers on a voice vote June 20. She will fill a Democratic seat vacated in January by Kara Stein, who was Lee’s boss when she worked at the agency. She is expected to restore a political balance to the agency that had made Chairman Jay Clayton a swing vote on key issues.

In addition to Clayton, a political independent appointed by ...