For the first time since 2015, the Securities and Exchange Commission features a full set of five commissioners, after the Senate approved two members by voice vote.
Caroline Crenshaw will join the SEC for a term expiring June 5, 2024, while the Senate renewed Hester Peirce as a commissioner for a term ending June 5, 2025.
The pair are joined by Chairman Jay Clayton and commissioners Elad Roisman and Allison Herren Lee on the SEC.
“We congratulate Hester and Caroline on their Senate confirmations,” the three other commissioners said in a joint statement. “On behalf of our 4,500 dedicated colleagues, we applaud their long standing commitment to investors and look forward to their continued work to advance the SEC’s vital mission of protecting investors, maintaining fair, orderly, and efficient markets, and facilitating capital formation.”
Crenshaw was nominated in June and previously served as senior counsel at the SEC and as a captain in the United States Army Reserve, Judge Advocate General’s Corps.
She joined the SEC in 2013 and has served in the Office of Compliance Inspections and Examinations, the Division of Investment Management, and as Counsel to Commissioners Kara Stein and Robert Jackson, Jr.
Her work focused on legal and policy analysis related to corporate governance, investment management, enforcement, international regulation, and the oversight of self-regulatory organizations. Before joining the SEC, Crenshaw worked at the Washington, D.C. office of Sutherland, Asbill and Brennan LLP.
Peirce was appointed to the SEC in 2017 and first confirmed in January 2018. She previously conducted research on the regulation of financial markets at the Mercatus Center at George Mason University.
Peirce was a senior counsel on the Senate Banking Committee, where she advised Ranking Member Richard Shelby (R-Ala.) and the committee on securities issues.
Peirce served as counsel to SEC Commissioner Paul Atkins and worked as a staff attorney in the SEC’s Division of Investment Management. Before that she was an associate at Wilmer, Cutler & Pickering (now WilmerHale) and clerked for Judge Roger Andewelt on the Court of Federal Claims.