Jaime Lizárraga, one of the three Democratic commissioners of the SEC, plans to resign early next year.

One of the three Democratic commissioners of the U.S. SEC, Jaime Lizárraga, plans to resign early next year. He has informed President Joe Biden of his intention to leave at the end of January. Jaime Lizárraga stated that his resignation is to spend more time with his family. Just a day before Lizárraga announced his resignation, SEC Chairman Gary Gensler stated his plan to resign in January. This means that Commissioner Caroline Crenshaw will become the only Democrat leading the U.S. Securities and Exchange Commission. (Theblock)