Biden unveils SEC nominees

(Reuters) — President Joe Biden Wednesday announced two nominees for the U.S. Securities and Exchange Commission.

Jaime Lizárraga has been nominated to fill a Democratic seat currently occupied by commissioner Allison Lee, who has said she plans to leave the agency once a successor is in place.

Mark Uyeda, an SEC staffer who has been temporarily on detail to the Senate Banking Committee, has been tapped for a vacancy created by former Republican commissioner Elad Roisman’s departure in January.

The nominees, who need to be confirmed by the Senate before they can assume office, would bring the five-member commission to full voting capacity.