Toomey: Mark Uyeda Will Faithfully Carry Out the SEC’s Mission
Praises SEC Attorney Uyeda During Introduction at Nomination Hearing
Washington, D.C. – U.S. Senate Banking Committee Ranking Member Pat Toomey (R-Pa.) today introduced Mark T. Uyeda, nominee for Securities and Exchange Commission (SEC) Commissioner, at his nomination hearing. With over 25 years of experience in securities and corporate law, and nearly two decades in public service, including 15 years at the SEC, Senator Toomey said that Mr. Uyeda’s depth of knowledge on securities and markets is unrivaled.
If confirmed, Mr. Uyeda would be the first Asian Pacific American to serve as an SEC Commissioner in the SEC’s 88-year history.
Ranking Member Toomey’s remarks, as prepared for delivery:
Mr. Chairman, it’s my privilege to introduce Mark Uyeda today.
In nominating Mr. Uyeda, President Biden has chosen someone who is exceptionally well qualified to serve as an SEC Commissioner. He is a dedicated public servant and an extremely talented securities lawyer.
Mr. Uyeda has over 25 years of experience in securities and corporate law. That experience includes regularly preparing prospectuses and 10-Ks for public companies filed with the SEC, which, I am told, is something that no other current SEC Commissioner has done.
For nearly two decades he has worked as a state and federal securities regulator, including the last 15 years as a career attorney with the SEC. During his career, Mr. Uyeda has been recognized with multiple SEC awards for his work, including the SEC Chairman's Award for Excellence and the SEC Capital Markets Award.
Having personally worked with Mr. Uyeda during his time as an SEC attorney detailed to the Banking Committee, I know firsthand that his depth of knowledge on securities and markets is unrivaled. Beyond his impressive credentials and expertise, Mr. Uyeda is a smart, fair, diligent, and humble colleague.
Given his exemplary record and reputation, it is no wonder that he has received multiple letters of support for his nomination. These include letters from seven former SEC Commissioners who have personally worked with Mr. Uyeda, three former chief securities regulators for the state of California who he directly advised, and multiple Asian American legal groups.
Throughout his career, Mr. Uyeda has generously volunteered his time to help promote diversity at the SEC and in the legal community. For example, he previously served as the Chair of the SEC Asian Pacific American Employees Committee, and the President of the Asian Pacific American Bar Association of the Greater Washington, D.C. Area.
Mr. Uyeda’s nomination is historic for the SEC. If confirmed, he will be the first Asian Pacific American to serve as an SEC Commissioner in the agency’s 88-year history.
I am confident that as an SEC commissioner, he will faithfully carry out the agency's critical mission of protecting investors, maintaining fair, orderly, and efficient markets, and facilitating capital formation. Our loss here on the Committee will be investors’ gain.
I am thrilled to support Mr. Uyeda’s nomination and know he is destined to do great things. I hope he can be swiftly confirmed.
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