Mark Uyeda named acting SEC chair among Trump appointments

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1.1. Mark Uyeda Named Acting SEC Chair Among Trump Appointments

Mark Uyeda Named Acting SEC Chair Among Trump Appointments

President Donald Trump has appointed Mark Uyeda as the acting chairman of the Securities and Exchange Commission (SEC). Uyeda, a Republican, has been a commissioner at the SEC since 2018. He will replace Jay Clayton, who stepped down as chairman on December 23, 2020.

Uyeda's appointment comes as the SEC is facing a number of challenges, including the ongoing COVID-19 pandemic, the rise of digital assets, and the increasing complexity of the financial markets. Uyeda has said that he is committed to working with the SEC's staff to address these challenges and protect investors.

Uyeda is a graduate of the University of California, Berkeley, and the University of Chicago Law School. He has worked as a lawyer in private practice and as a law professor. He is also a former member of the Public Company Accounting Oversight Board.

Uyeda's appointment is expected to be well-received by the business community. He is seen as a pragmatic and experienced regulator who is committed to working with businesses to find solutions to complex problems.

Uyeda's appointment is also likely to be welcomed by investors. He has a strong track record of protecting investors and is committed to ensuring that the SEC remains a strong and effective regulator.

Uyeda's appointment is a positive step for the SEC. He is a qualified and experienced regulator who is committed to protecting investors and working with businesses to find solutions to complex problems.