SEC Commissioner Luis Aguilar posted his statement of departure earlier today reaffirming his intent to leave the agency he has served as a Commissioner since 2008. He departs as having the 8th longest tenure as Commissioner and one of only three appointed by two different presidents from different political parties.
During his stint at the SEC, Commissioner Aguilar considered over 17,000 enforcement recommendations and voted on more than 240 rule-making exercises during one of the most tumultuous periods in financial markets in the last hundred years.
Aguilar, an immigrant from Cuba, that arrived in the US with little more than the clothes he was wearing and rose to help manage the most influential securities regulatory agency in the world. Quite an accomplishment.
Aguilar expressed his gratitude to both Presidents Barack Obama and George W. Bush in giving him the opportunity to serve at the SEC.
Aguilar will depart the end of December. President Obama has nominated Lisa Fairfax, alongside Hester Peirce to fill former Commissioner Gallagher’s seat, to fill the vacancies on the Commission.
The letter by Aguilar is embedded below.
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