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ARTICLE · 11 MAY 2018

SEC Commissioner Michael Piwowar Resigns

Hogan Lovells Cadwalader
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Dr. Piwowar was appointed to the Commission by President Obama in 2013 and briefly served as Acting SEC Chair under President Trump.

United StatesCorporate/Commercial Law
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SEC Commissioner Michael S. Piwowar submitted his resignation letter to President Donald J. Trump. Dr. Piwowar's resignation will go into effect on July 7, 2018 (or earlier upon the swearing in of a successor).

Dr. Piwowar was appointed to the Commission by President Obama in 2013 and briefly served as Acting SEC Chair under President Trump. Before that, he served as the Republican chief economist for the U.S. Senate Committee on Banking, Housing and Urban Affairs under Senators Mike Crapo (R-ID) and Richard Shelby (R-AL). He also served in the White House as a senior economist at the President's Council of Economic Advisers from 2008 to 2009 under both President Bush and President Obama.

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