Jackson’s appointment will bring the 5 member SEC panel to its full strength which will then push for reducing regulatory commitments for public companies – an agenda that the Trump Administration wants fulfilled.
According to person with the knowledge of the matter at hand, U.S. President Donald Trump is expected to nominate Robert Jackson, a law professor at Columbia University, to be a member of the Securities and Exchange Commission (SEC).
Jackson’s nomination is expected to take place on Friday, said the source. He will be filling a vacant spot reserved for a Democrat on the five-member panel.
His appointment follows the Trump administration’s decision to nominate Hester Peirce, a Republican, in July.
Jackson’s appointment will bring the SEC to its full strength and pave the way for Jay Clayton, the SEC’s chairman, to push the Administration’s agenda to minimize regulation for public companies.
Jackson could not be reached for comment on Thursday.
Jackson is known for his advocacy work in trying to advance new rules at the SEC that would force public companies to disclose their political spending to investors.