Securities and Exchange Commissioner Elad Roisman, one of two Republican commissioners, is resigning — a move that will expand the Democrats' majority at the agency.
Roisman said in a brief statement early Monday that he sent a letter to President Joe Biden, informing him of his intention to leave the agency by the end of January 2022.
Meanwhile, he explained that he is "committed to working with my fellow commissioners and the SEC's incredible staff to further our mission of protecting investors, maintaining fair, orderly, and efficient markets, and facilitating capital formation."
Rosiman did not provide a reason for his departure and did he say what his next career move would be. The SEC did not immediately respond to a request for comment.
Following Roisman's announcement, Gensler thanked Roisman for his service and noted in a statement: "While we didn't always agree on policy matters, I've come to rely on his judgment and expertise, and I have enjoyed a positive working relationship with him."
