Pelosi adviser among Biden's nominees for SEC commissioner slots

Pelosi adviser among Biden's nominees for SEC commissioner slots
President Joe Biden plans to nominate Jaime Lizarraga, a senior adviser to House Speaker Nancy Pelosi, and Mark Uyeda, who has spent a chunk of his career at the SEC.
APR 06, 2022
By  Bloomberg

President Joe Biden plans to nominate a top aide to House Speaker Nancy Pelosi and a long-time Securities and Exchange Commission staffer to fill two top slots at the regulator, the White House said Wednesday.

Jaime Lizarraga, a senior adviser to Pelosi, would take over for departing Democratic Commissioner Allison Herren Lee.

Mark Uyeda, who has spent a chunk of his career at the SEC and is currently on detail to the Senate Banking Committee, would fill an open Republican seat on the five-person commission. 

Both picks require Senate approval.

If confirmed, Lizarraga and Uyeda would join the SEC at a time when Chair Gary Gensler is pushing to tighten regulations on Wall Street traders, hedge fund managers and crypto firms.

The agency last month also proposed requiring businesses to outline the risks a warming planet poses to their operations when they file registration statements, annual reports or other documents. 

Latest News

Five-person Raymond James team jumps to Janney in Maryland
Five-person Raymond James team jumps to Janney in Maryland

The group led by a 37-year industry veteran brings $470 million in assets to the Philadelphia-based broker dealer.

$20B Merit looks to next phase as Constellation takes minority stake
$20B Merit looks to next phase as Constellation takes minority stake

The Atlanta, Georgia-based national wealth firm revealed its new PE partner as prior backers Wealth Partners Capital Group and HGGC’s Aspire Holdings exited their investments.

$350M father-son duo hops from Osaic to Equitable Advisors
$350M father-son duo hops from Osaic to Equitable Advisors

The latest departures in Ohio mark another setback for the hybrid RIA, which is looking to "expanding its presence across all models and segments of the wealth management industry.”

Fresh off HPS acquisition, BlackRock inks deal for $7.3B ElmTree Funds
Fresh off HPS acquisition, BlackRock inks deal for $7.3B ElmTree Funds

The St. Louis-based real estate investment firm gives the asset management giant a valuable access point to the roughly $1 trillion net lease market.

SEC charges Chicago-based investment adviser with overbilling clients more than $2.5M in fees
SEC charges Chicago-based investment adviser with overbilling clients more than $2.5M in fees

Eliseo Prisno, a former Merrill advisor, allegedly collected unapproved fees from Filipino clients by secretly accessing their accounts at two separate brokerages.

SPONSORED How advisors can build for high-net-worth complexity

Orion's Tom Wilson on delivering coordinated, high-touch service in a world where returns alone no longer set you apart.

SPONSORED RILAs bring stability, growth during volatile markets

Barely a decade old, registered index-linked annuities have quickly surged in popularity, thanks to their unique blend of protection and growth potential—an appealing option for investors looking to chart a steadier course through today's choppy market waters, says Myles Lambert, Brighthouse Financial.