Caroline Crenshaw was sworn in Monday as the Securities and Exchange Commission’s (SEC) second Democratic member, giving the five-person panel a full roster for the first time since 2018.

Crenshaw, a former SEC attorney, began her five-year term Monday after the Senate confirmed her earlier this month. She had served as counsel to former Democratic commissioners Robert Jackson Jr. and Kara Stein after stints in the SEC’s Office of Compliance Inspections and Examinations and the Division of Investment Management.

President TrumpDonald John TrumpThe Memo — Michelle Obama shines, scorching Trump Trump lashes out at Cuomo after his Democratic convention speech Biden seeks to win over progressives and Republicans on night one MORE announced his intention to nominate Crenshaw in June to replace Jackson, who stepped down in February. She joins Allison Herren Lee, who joined the SEC in July 2019, as one of two Democratic commissioners. 

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The SEC also swore in Commissioner Hester Peirce, a Republican, for another term on the commission. She was confirmed by the Senate for another term at the SEC in August after initially joining the commission in 2018 on Trump’s appointment.

Crenshaw’s confirmation marks the first time since 2018 that the SEC has had all five commissioner slots filled and the first time all five seats were filled by Trump appointees.

Federal law prohibits any more than three SEC commissioners from being affiliated with the same political party. 

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