Mark Uyeda

Mark Uyeda
Commissioner of the U.S. Securities and Exchange Commission
Incumbent
Assumed office
June 30, 2022
PresidentJoe Biden
Preceded byElad L. Roisman
Personal details
Born
Mark Toshiro Uyeda
Political partyRepublican
EducationGeorgetown University (BS)
Duke University (JD)

Mark Toshiro Uyeda is an American attorney and government official. A member of the Republican Party, Uyeda has served as a Commissioner of the U.S. Securities and Exchange Commission (SEC) since June 30, 2022.[1] Before becoming an SEC Commissioner, Uyeda served on the staff of the SEC for more than 15 years.[2] He is the first Asian Pacific American to serve as a Commissioner of the SEC.[3][4]

Early life and education

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Uyeda was born to a Japanese American family. His grandfather Mac Yukihiro, ran the family business, Yukihiro Produce, in Westminster, California. Uyeda stated his grandfather and mother were interned due to Executive Order 9066, which forced him to rebuild his business.[5]

Uyeda graduated from Georgetown University with a bachelor of science degree in business administration in 1992.[6] He later received his Juris Doctor degree from the Duke University School of Law. As a law student, Uyeda was the notes editor for the Duke Law Journal.[7][8]

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From 1995 to 1996, Uyeda worked as an associate at K&L Gates. He later became an associate at O'Melveny & Myers in Los Angeles, where he worked from 1997 to 2004. From 2004 to 2006, he served as a senior advisor to the commissioner of the California Department of Corporations.

In 2006, he became an attorney and advisor at the U.S. Securities and Exchange Commission (SEC). Prior to serving as a commissioner, Uyeda was a staffer for SEC commissioner Michael Piwowar and worked for SEC chair Jay Clayton. He has also worked on detail as a Republican staffer for the United States Senate Committee on Banking, Housing, and Urban Affairs.[9][10]

Commissioner of the U.S. Securities and Exchange Commission (SEC)

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In April 2022, President Joe Biden nominated Uyeda to fill a vacant seat on the SEC left formerly held by Elad Roisman.[11] His nomination was supported by Senator Pat Toomey (R-PA), who signed a letter of recommendation in his favor.[4]

On June 16, 2022, both Uyeda and Democratic SEC nominee Jaime Lizárraga were confirmed by the U.S. Senate.[12] Alongside Hester Peirce, Uyeda is one of two Republicans on the five member body.[13] Uyeda's confirmation made him the first Asian American to serve as an SEC commissioner.[3][4] Since taking office, Uyeda has expressed concerns about the viability of thirty-day comment periods.[14] On June 2, 2023, President Biden announced his intent to nominate Uyeda to a second term.[15] On June 6, 2023, his nomination was sent to the Senate.[16] On October 19, 2023, a hearing on his nomination was held before the Senate Banking, Housing, and Urban Affairs Committee.[17] On November 7, his nomination was reported favorably out of committee by voice vote.[18] On December 20, 2023, his nomination was confirmed in the Senate by voice vote.[19] He was sworn in for a second term on January 3, 2024.[20]

References

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  1. ^ "Mark T. Uyeda Sworn In as SEC Commissioner". Securities and Exchange Commission. 2022-06-30. Retrieved 2022-07-05.
  2. ^ Biography: Mark T. Uyeda |url=https://www.sec.gov/about/commissioners/mark-t-uyeda |access-date=2023-05-14 |website=www.sec.gov}
  3. ^ a b "SEC.gov | Mark T. Uyeda". www.sec.gov. Retrieved 2023-03-03.
  4. ^ a b c Sharpe, Abby (2022-10-04). "Mark Uyeda (B'92) Brings Years of Experience and Connections as New SEC Commissioner". McDonough School of Business. Retrieved 2023-03-03.
  5. ^ "Mark Uyeda Nominated as SEC Commissioner". Rafu Shimpo. 2022-05-21. Retrieved 2023-03-03.
  6. ^ Sharpe, Abby (2022-10-04). "Mark Uyeda (B'92) Brings Years of Experience and Connections as New SEC Commissioner". McDonough School of Business. Retrieved 2023-03-03.
  7. ^ Uyeda, Mark (1995-02-01). "Presidential Prerogative Under the Constitution to Deploy U.S. Military Forces in Low-Intensity Conflict". Duke Law Journal. 44 (4): 777–828. doi:10.2307/1372924. ISSN 0012-7086. JSTOR 1372924.
  8. ^ "INFORMATION ON THE SPEAKERS". webline.sfi.org.tw. Retrieved 2022-04-06.
  9. ^ "President Biden Announces Key Nominees". The White House. 2022-04-06. Retrieved 2022-04-06.
  10. ^ Davidson, Kate; Lippman, Daniel (23 March 2022). "SEC noms: Here's who's on the short list". POLITICO. Retrieved 2022-04-06.
  11. ^ Vakil, Caroline (2022-04-06). "Biden taps Democrat, Republican to serve on SEC". The Hill. Retrieved 2023-03-03.
  12. ^ "Senate Confirms New SEC Commissioners | Insights | Holland & Knight". www.hklaw.com. Retrieved 2023-03-03.
  13. ^ Jaeger, Jaclyn (June 17, 2022). "Two New SEC Commissioners Confirmed by Senate". Compliance Chief 360. Retrieved March 3, 2023.
  14. ^ Harty, Declan (2023-01-11). "POLITICO Pro Q&A: SEC Commissioner Mark Uyeda". POLITICO. Retrieved 2023-03-03.
  15. ^ "President Biden Announces Key Nominees" (Press release). The White House. June 2, 2023. Retrieved January 25, 2024.
  16. ^ "Nominations Sent to the Senate" (Press release). The White House. June 6, 2023. Retrieved January 25, 2024.
  17. ^ "Hearing to Consider Nominations". United States Senate Committee on Banking, Housing, and Urban Affairs. October 19, 2023. Retrieved January 25, 2024.
  18. ^ "Brown Advances Nominations for NCUA, SEC, FDIC, SIPC, and Export-Import Bank" (Press release). United States Senate Committee on Banking, Housing, and Urban Affairs. November 7, 2023. Retrieved January 25, 2024.
  19. ^ "PN740 — Mark Toshiro Uyeda — Securities and Exchange Commission". congress.gov. December 20, 2023. Retrieved January 25, 2024.
  20. ^ "Mark Uyeda Sworn in for Second Term as SEC Commissioner" (Press release). U.S. Securities and Exchange Commission. January 3, 2024. Retrieved January 25, 2024.
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