With his term as Commissioner at the SEC officially drawing to a close, Michael Piwowar announced his intention to resign on or before July 7, 2018. Dr. Piwowar, one of two Republican Commissioners, has served as SEC Commission since August 2013 - except for January to May 2017, when he served as the agency's Acting Chairman. 

Prior to joining the SEC, Dr. Piwowar ...

• was 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).
• was lead Republican economist on the 4 SEC-related titles of the Dodd-Frank Act and the JOBS Act.
• worked on a number of important SEC-related oversight issues under the jurisdiction of the Committee, such as securities, OTC derivatives, investor protection, market structure and capital formation.

During the financial crisis and its immediate aftermath, Dr. Piwowar served in a one-year fixed-term position at the White House as a senior economist at the President’s Council of Economic Advisers (CEA) in both the George W. Bush and Barack Obama Administrations. 

Before joining the White House, Dr. Piwowar worked as a Principal at the Securities Litigation and Consulting Group (SLCG). At SLCG, he provided economic consulting to law firms involved in complex securities litigation and technical assistance on market structure, regulatory policy, and risk management issues to domestic and international securities regulators and market participants.

[Click here for a more comprehensive summary of Dr. Piwowar's background.]