Exclusive: White House expected to nominate SEC lawyer for Democratic commissioner seat - sources

By Katanga Johnson WASHINGTON (Reuters) - The White House is expected to nominate Caroline Crenshaw, a Democratic attorney at the U.S. Securities and Exchange Commission, to fill an SEC seat being vacated next year by Democratic Commissioner Robert Jackson, according to three people with direct knowledge of the matter

Reuters December 21, 2019 05:13:28 IST
Exclusive: White House expected to nominate SEC lawyer for Democratic commissioner seat - sources

Exclusive White House expected to nominate SEC lawyer for Democratic commissioner seat  sources

By Katanga Johnson

WASHINGTON (Reuters) - The White House is expected to nominate Caroline Crenshaw, a Democratic attorney at the U.S. Securities and Exchange Commission, to fill an SEC seat being vacated next year by Democratic Commissioner Robert Jackson, according to three people with direct knowledge of the matter.

Crenshaw currently works as an attorney in Jackson's office. Senate Democratic Leader Chuck Schumer has sent Crenshaw's name to the White House as a nominee for the post, the sources said.

She has been employed at the SEC since 2013, according to her LinkedIn profile, and is a judge advocate in the U.S. Army Judge Advocate General's Corps. She previously worked under another Democratic commissioner, Kara Stein, who left in January.

Jackson, an independent who was picked by the Democrats to fill an open Democratic seat in January 2018, is expected to leave the agency next year after his term expired in June. Commissioners can continue to serve for 18 months after their term expires and before a replacement is confirmed by the Senate.

Schumer recommended Crenshaw for the role after ruling out other candidates for consideration. While the White House is ultimately responsible for filling such posts, presidents traditionally defer to the leaders of the opposition party in filling those party's roles.

A spokesman for Schumer declined to comment. Crenshaw declined to comment. The SEC did not respond to a request for comment.

The SEC is led by a bipartisan commission that includes a chair, two Democrats and two Republicans.

The White House must officially make the nomination of an SEC commissioner before the pick's required confirmation by the Senate, a process that can take months. It was not clear when Crenshaw would be formally nominated.

(Reporting by Katanga Johnson in Washington; Additional reporting by Jeff Mason in Washington and Svea Herbst in Boston; Editing by Diane Craft and Will Dunham)

This story has not been edited by Firstpost staff and is generated by auto-feed.

Updated Date:

TAGS:

Find latest and upcoming tech gadgets online on Tech2 Gadgets. Get technology news, gadgets reviews & ratings. Popular gadgets including laptop, tablet and mobile specifications, features, prices, comparison.

also read

Elon Musk leaves behind Amazon's Bezos to become world's richest person - Bloomberg News
Business

Elon Musk leaves behind Amazon's Bezos to become world's richest person - Bloomberg News

(Reuters) -Tesla Inc chief and billionaire entrepreneur Elon Musk surpassed Amazon.com Inc's top boss Jeff Bezos to become the world's richest man, Bloomberg News reported on Thursday.

Daimler starting year with optimism after strong finish to 2020 - CEO
Business

Daimler starting year with optimism after strong finish to 2020 - CEO

FRANKFURT (Reuters) - Daimler is starting the year with optimism after a strong finish to 2020, Chief Executive Ola Kaellenius said on Thursday, adding that sales in the fourth quarter had continued the strong trend seen in the preceding three months.

Oil hits 11-month highs on Saudi cuts, shrugs off U.S. unrest
Business

Oil hits 11-month highs on Saudi cuts, shrugs off U.S. unrest

By Laura Sanicola NEW YORK (Reuters) -Oil prices edged higher on Thursday, hitting 11-month peaks as markets remained focused on Saudi Arabia's unexpected pledge to deepen its oil cuts and firmer equities, shrugging off political unrest in the United States. Brent crude rose 18 cents to $54.48 a barrel by 1:32 p.m. EST (1832 GMT) after touching $54.90, a high not seen since before the first COVID-19 lockdowns in the West.