SEC Democratic Commissioner Allison Herren Lee to Leave Agency

Allison Herren Lee said she plans to step down as a commissioner at the Securities and Exchange Commission, creating a second vacancy atop Wall Street’s main regulator.

Lee, a Democrat, will stay at the watchdog until President Joe Biden names her successor and that person is confirmed by the U.S. Senate, according to a statement Tuesday. Her term is set to expire in June.

“Over the coming weeks and months, I will remain actively engaged in the commission’s critically important work, and I look forward to continued progress in advancing the commission’s regulatory agenda,” Lee said in the statement. ...