As Gary Gensler prepares to announce his resignation, some SEC officials have said they will step down before Donald Trump’s inauguration.
Jaime Lizárraga of the US Securities and Exchange Commission should be leaving the financial regulator as a new presidential administration prepares to take power.
The SEC commissioner announced in November that he planned to step down on Jan. 17 from the agency, where he had worked since 2022. The departure of Lizárraga and the expected resignation of SEC Chair Gary Gensler on Jan. 20 will likely leave the financial regulator with a staffing gap as President-elect Donald Trump prepares to take office.
Once Gensler steps down on the day of Trump’s inauguration, the three remaining commissioners of the SEC will be Hester Peirce, Caroline Crenshaw and Mark Uyeda.
Crenshaw’s term officially ended in June 2024, but she will likely be allowed to serve until the end of 2025 unless replaced by a Trump nominee confirmed by the Senate.
