U.S. Securities and Exchange Commission (SEC) Democratic Commissioner Allison Lee plans to leave the agency after her term ends in June, but will remain in office until a successor is named, she said in a Tuesday statement.
"My term as Commissioner expires in June of this year, and I have notified President Biden that I intend to step down from the Commission once my successor has been confirmed," Lee said on Tuesday.
A commissioner since 2019, Lee had previously spent several years in senior roles at the SEC from 2005 to 2018, including time as an enforcement attorney.
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