On March 15, it was reported that Allison Herren Lee will step down as a commissioner at the U.S. Securities and Exchange Commission (SEC). During her tenure, Commissioner Lee, who also served as the Acting Chair of the agency in 2021, showcased a strong commitment to the SEC’s highly successful whistleblower program.
“Commissioner Lee was a vocal whistleblower advocate with incredibly strong principals throughout her tenure at the Commission,” said Siri Nelson, Executive Director of the National Whistleblower Center (NWC). “Working with Commissioner Lee and her staff has been a highlight of NWC’s ongoing engagement with the Commission and she will be missed.”
Lee was sworn in as an SEC Commissioner on July 8, 2019, after unanimous confirmation by the Senate. She previously served on the staff of the SEC for over a decade in a variety of different positions, such as Senior Counsel in the Division of Enforcement’s Complex Financial Instruments Unit.
During her time as an SEC Commissioner, Lee repeatedly voiced her support for the whistleblowers and the SEC Whistleblower Program in particular. In September 2020, she stated that whistleblowers “display extraordinary bravery to expose fraud and wrongdoing, and to shine light in some very dark places. She added that “in doing so, they reinforce our fundamental values – that the rule of law matters, and no one is, or should be, above the law.” At the time, Lee also stated that “[s]ince its inception, the Commission’s...
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