A coalition of organizations is calling on the U.S. Senate to confirm Caroline Crenshaw for another term as a commissioner at the Securities and Exchange Commission (SEC). In a letter sent to senators, the groups stressed her importance to the SEC and her work in protecting average investors.
The SEC is a bipartisan body, with laws requiring that no more than three of its five commissioners come from the same political party.
The organizations expressed concern that this balance could be disrupted if Crenshaw is not confirmed. They warned that leaving seats vacant could result in an SEC dominated by appointees from one party for years to come, affecting its ability to serve the public effectively.
The letter highlighted Crenshaw’s achievements in standing up for workers, retirees, and investors. She has supported stronger company disclosures, more transparent stock buyback policies, and shareholder rights, including allowing public pension funds to raise issues at annual meetings.
Her commitment to better accounting of executive compensation and her defense of ordinary investors were also praised.
The groups also pointed out that Crenshaw’s contributions have extended beyond regulatory work. For example, her views have influenced legal cases, with her positions cited in challenges to certain SEC rules under the previous administration.
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In addition to her role at the SEC, Crenshaw serves as a Captain in the U.S. Army Judge Advocate General’s Corps, showcasing her dedication to public service. She was unanimously confirmed for her first term and has gained widespread respect during her time in office.
The letter closed by urging senators to support Crenshaw’s nomination, emphasizing that her continued presence on the SEC would ensure balanced and fair regulation for investors and the financial system.
The signatories include a wide range of organizations, such as the AFL-CIO, Public Citizen, the Sierra Club, and the National Consumers League. These groups share a common goal of ensuring the SEC remains an effective and fair regulatory body.
