President Donald Trump designated Mark T. Uyeda as acting Securities and Exchange Commission (SEC) chairman on Tuesday.
Uyeda served during Trump’s first term in the U.S. Department of the Treasury, the U.S. Department of Labor and on detail to the U.S. Senate Committee on Banking, Housing, and Urban Affairs. The U.S. Senate confirmed Uyeda in 2022, and he was sworn into office as a SEC commissioner. He has since been re-nominated and confirmed for a five-year term expiring in 2028.
“I am honored to serve in this capacity after serving as a commissioner since 2022, and a member of the staff since 2006,” Uyeda said. “I have great respect for the knowledge, expertise, and experience of the agency and its people. The SEC has a vital mission—protecting investors, maintaining fair, orderly, and efficient markets, and facilitating capital formation—that plays a key role in promoting innovation, jobs creation, and the American dream.”
Earlier this century, California Gov. Arnold Schwarzenegger appointed Uyeda chief adviser to the state’s securities regulator, the California Corporations Commissioner.
Uyeda earned a law degree with honors from Duke University in 1995 and was a Duke Law Journal member. Before entering government, he worked as a corporate and securities attorney.