The departures of Rebekah Goshorn Jurata and Megan Zietsman come as the SEC weighs the appointment of an entire new board.
The decision "marks a historic moment for advocates and investors who have been pushing for [more diversity] in corporate America’s higher ranks."
SEC Chair Gary Gensler says the industry is "rife with fraud" and if Congress doesn't act, "I worry a lot of people will be hurt."
“The disclosures of U.S.-listed Chinese companies have not met the threshold of disclosure for other companies headquartered in the U.S."
Gurbir Grewal "has the ideal combination of experience, values, and leadership ability to helm the Enforcement Division at this critical time.”
Besides removing William D. Duhnke III, the SEC said it intends to seek candidates to fill the other Board positions.
"We do not believe the current Board members are up to the task of re-focusing the PCAOB on its core mission," says an investor group.
“If we don’t address this now, the investing public may shoulder a burden later,” SEC Chairman Gary Gensler says.
Oh's resignation after only a few days on the job followed a judge's ruling in a case in which she represented ExxonMobil.
He will be the first cryptocurrency policy and blockchain technology expert to take the reins at the SEC.
The SEC must ensure that crypto markets "are free of fraud and manipulation,” Gary Gensler told the Senate Banking Committee.
The appointment of the former CFTC chief "is expected to put an end to the four years of rule-easing" that Wall Street has enjoyed under Jay Clayton.
