Commissioner Aguilar to leave SEC
17 November 2015 Washington DC
Image: Shutterstock
Commissioner Luis Aguilar is set to leave the US Securities and Exchange Commission (SEC) in December.
Aguilar, who joined the SEC in 2008, served for two terms, which ended on 5 June, but agreed to stay in office until a suitable replacement was found.
A successor has now been nominated and Aguilar will formally step-down no later than 5 December.
In a formal resignation letter to President Barack Obama, Aguilar expressed his deep respect for his colleagues and the commission.
He stated: “[SEC rulemakings] have involved novel and complex matters, such as securities-based swaps and other derivatives, asset-backed securities, credit rating agencies, money market fund reform, and crowdfunding, to name just a few.”
“There is undoubtedly more work to be done, but much progress has been made to protect investors and strengthen our capital markets.”
“I want to thank Chair Mary Jo White for her continued leadership as the commission advances its important work.”
Aguilar is the eighth longest-serving commissioner out of 94 individuals and is one of only three commissioners to be nominated by two different presidents from two different political parties.
Aguilar, who joined the SEC in 2008, served for two terms, which ended on 5 June, but agreed to stay in office until a suitable replacement was found.
A successor has now been nominated and Aguilar will formally step-down no later than 5 December.
In a formal resignation letter to President Barack Obama, Aguilar expressed his deep respect for his colleagues and the commission.
He stated: “[SEC rulemakings] have involved novel and complex matters, such as securities-based swaps and other derivatives, asset-backed securities, credit rating agencies, money market fund reform, and crowdfunding, to name just a few.”
“There is undoubtedly more work to be done, but much progress has been made to protect investors and strengthen our capital markets.”
“I want to thank Chair Mary Jo White for her continued leadership as the commission advances its important work.”
Aguilar is the eighth longest-serving commissioner out of 94 individuals and is one of only three commissioners to be nominated by two different presidents from two different political parties.
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