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Washington

White House taps SEC official Allison Lee for commissioner

Former SEC enforcement official Allison Herren Lee will be nominated to serve as a commissioner of the Securities and Exchange Commission for a five-year term ending June 2022, the White House said Tuesday.

A White House statement called Ms. Lee a veteran securities law practitioner of more than two decades. She worked at the SEC from 2005 to 2018 in several positions, including senior counsel in the complex financial instruments unit and counsel to Commissioner Kara M. Stein, whose term expired in January.

Ms. Lee has also served as a special assistant U.S. attorney and a litigation partner at the Sherman & Howard law firm in Denver.

If confirmed, she would fill the second Democratic seat on the commission, joining Robert Jackson Jr. President Donald Trump nominated Mr. Jackson as well as the Republican commissioners Hester Peirce and Elad Roisman and Chairman Jay Clayton. Ms. Lee's nomination must be approved by the Senate.