WASHINGTON (Reuters) – Rob Jackson, a Democratic commissioner in the United States Securities and Exchange Commission, said on Thursday, he will step down from the 14 Feb. Agency to continue teaching at the New York University School of Law where he is on to leave trainers.
PHOTO FILE: United States Securities and Exchange Commissioner Rob Jackson answered the question in an interview with Reuters in Washington, USA, Jan. 14, 2020. REUTERS/Stelios Varias/image files
Jackson’s departure, an independent who had been chosen by the Democratic Party to fill a party seat open in March 1 2018, would leave Allison Lee as the solitary Democratic commissioner at the Republican leadership Agency, who pursued an ambitious agenda to overhaul decades-old securities regulations.
Jackson’s tenure expires in March 6, but the Commissioners may continue to serve for 18 months after their term expires and before they are confirmed by the Senate.
Reuters reported last month that the White House is expected to nominate Caroline Crenshaw, a lawyer in Jackson’s office, to fill his seat, although the time for her nomination is unclear.
The SEC was led by a bipartisan committee consisting of a chair, two Democrats and two Republicans. While white houses nominate commissioners, they must be confirmed by the Senate, a process that may take months.
“I will always be proud to have served with my fellow Commissioner, President (Jay) Clayton, and especially the committees of the staff, who devote their…