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July 15, 2022

Better Markets Applauds Commissioner Allison Herren Lee’s Leadership and Tenure at the SEC as an Acting Chair, a Commissioner, and a Staff Member

WASHINGTON, D.C.— Dennis M. Kelleher, President and CEO, issued the following statement upon the departure of Commissioner Allison Herren Lee from the Securities and Exchange Commission:

“While we welcome incoming Commissioner Jaime Lizarraga to the Securities and Exchange Commission (SEC) today, we would be remiss not to recognize the many contributions of outgoing Commissioner Allison Herren Lee.

“Every day throughout America tens of thousands of people get up and go to work serving the public in numerous capacities throughout the Federal government.  They are at agencies like the SEC, Consumer Product Safety Commission, and Consumer Financial Protection Bureau, departments like Treasury, Justice, and Veteran’s Affairs, and in various capacities at the Federal Reserve, FDA, and NASA.  Most of those people work long hours, without recognition, appreciation, or, often, even desirable working conditions, but almost all perform vital public health, safety and welfare functions serving and protecting the America people.

“Allison Herren Lee, an Acting Chair, a Commissioner, and a member of the staff at the SEC, has been one of those public servants.  She has done an outstanding job of faithfully serving the public and advancing the SEC’s mission to protect investors, markets, and capital formation. Without fear or favor, she has been a thoughtful leader on numerous key issues on the SEC’s agenda, including private funds disclosure and transparency, the role of corporate and securities attorneys as gatekeepers to the capital markets, and, especially, corporate climate disclosures.  There is no doubt that her work will have a lasting impact on our capital markets and investor protection.

“At a time when public servants are too often denigrated if not baselessly attacked, Commissioner Lee stands as an example of everything that a public servant should be: dedicated, hardworking, respectful, openminded, data driven, and forward-thinking, with the public interest always as her primary guidepost.  We thank her and applaud her for her service.”

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Better Markets is a non-profit, non-partisan, and independent organization founded in the wake of the 2008 financial crisis to promote the public interest in the financial markets, support the financial reform of Wall Street and make our financial system work for all Americans again. Better Markets works with allies—including many in finance—to promote pro-market, pro-business and pro-growth policies that help build a stronger, safer financial system that protects and promotes Americans’ jobs, savings, retirements and more. To learn more, visit www.bettermarkets.org.

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