On the heels of Chair Gary Gensler’s resignation, SEC Commissioner Jaime Lizárraga has also decided to step down from his role at the agency.
A second official from the United States Securities and Exchange Commission (SEC) has announced an upcoming departure, further reshaping the agency’s future direction.
According to a Nov. 22 announcement, SEC Commissioner Jaime Lizárraga will step down from his position on Jan. 17, less than three years after being sworn into office. Lizárraga’s resignation was motivated by a desire to spend more time with his wife, who is reportedly battling cancer.
His career began at the SEC in the 1990s as a deputy director of legislative affairs. Lizárraga then served as a senior adviser to House Speaker Nancy Pelosi from January 2011 to July 2022, playing a key role in financial legislative initiatives, including the Dodd-Frank Wall Street Reform and Consumer Protection Act.
