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Commissioner Piwowar will depart SEC this summer

Joe Mont | May 7, 2018

Commissioner Michael Piwowar plans to leave his post at the Securities and Exchange by July 7 at the latest.

On May 7, he delivered a letter to President Trump informing him that he intends to resign this summer, or upon the swearing in of his successor.

“Over the next two months, I will continue to work steadfastly with my fellow commissioners and SEC staff to advance our important mission of protecting investors, maintaining fair, orderly, and efficient markets, and promoting capital formation,” Piwowar said in a statement.

Piwowar, confirmed by the Senate in August 2013, was previously the chief Republican economist for the Senate Banking Committee.

“It has been an honor to serve the American people at such a respected agency and work with such dedicated and talented staff,” Piwowar wrote in his letter to Trump. “I began my career in public service at the SEC 16...

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