Former SEC enforcement official Allison H. Lee was confirmed Thursday by the Senate as a commissioner of the Securities and Exchange Commission for a term ending June 2022.
Ms. Lee, who was approved by a voice vote, fills the second Democratic seat on the commission, joining Robert Jackson Jr. and Republican commissioners Hester Peirce and Elad Roisman. Her confirmation gives SEC Chairman Jay Clayton a swing vote in cases where the panel is deadlocked.
All the current commissioners were nominated by President Donald Trump.
Ms. Lee 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 and whose seat she now fills. She also served as a special assistant U.S. attorney and a litigation partner at the Sherman & Howard law firm in Denver.
Her confirmation was welcomed by Investment Company Institute President and CEO Paul Schott Stevens, who in a statement called Ms. Lee "a highly experienced professional."