The Trump administration has selected Columbia Law School’s Robert Jackson for the SEC position as commissioner. Jackson holds two Pennsylvania University bachelor degrees, a Wharton Business School MBA, a Harvard law degree, and a Harvard Kennedy Government School master’s degree.

The Decision

The Trump administration has been making several nominations for important positions, including Katherine McGuire from Virginia as the Labor Department’s assistant secretary for Intergovernmental and Congressional Affairs. She is currently a staff chief for Randy Hultgren, and was previously the “Senate Health, Education, Labor and Pensions” (HELP) Committee’s staff director.

The White House will soon nominate someone for the assistant secretary position at the Employee Benefits & Security Administration, as a replacement for Phyllis Borzi, the Labor fiduciary rule architect.

Robert Jackson happens to be the director of Columbia Law School’s Corporate Law & Policy program. He was also a Treasury Department senior advisor at the time of the financial crisis, and assisted Kenneth Feinberg in overseeing the executive compensation for the “Troubled Asset Relief Program” (TARP).

He also holds two bachelor degrees from Pennsylvania University, a finance MBA from Wharton Business School, as well as a Harvard Law degree, and a Harvard master’s degree.

The Commissioner Positions

The SEC’s only current commissioner is Democrat Kara Stein, whose term expired on the 5th of June. Commissioners are allowed to stay 18 months following their term’s expiry. Jackson will be filling the other Democratic commissioner position.

On July 24th, the Trump administration also sent in a nomination for Republican Hester Peirce to the Senate for consideration as a SEC commissioner. Peirce is a senior researcher at George Mason University’s Mercatus Center, and a director at “Financial Markets Working Group.”

If the Senate approves his nomination, his term would end on the 5th of June in 2020.

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