Commissioner Aguilar to leave SEC 17 November 2015Washington DC Reporter: Drew Nicol
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Commissioner Luis Aguilar is set to leave the US 网爆吃瓜 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: 鈥淸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.鈥�
鈥淭here is undoubtedly more work to be done, but much progress has been made to protect investors and strengthen our capital markets.鈥�
鈥淚 want to thank Chair Mary Jo White for her continued leadership as the commission advances its important work.鈥�
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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