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Kara M. Stein sworn in as SEC commissioner

140px-US-SecuritiesAndExchangeCommission-Seal.svgKara M. Stein was sworn into office by SEC Chairman Mary Jo White on Friday, replacing former commissioner Elisse Walter.

“It is an honor to join my fellow Commissioners and the talented staff of the Securities and Exchange Commission as we carry out the vitally important mission of the SEC,” Stein said. “I am excited to join the agency that plays such a critical role in the economic well-being of our nation.”

Stein was nominated to the SEC in May and was confirmed by the Senate at the beginning of the month, along with Michael S. Piwowar, who is expected to be sworn in this week.

Before coming to the SEC, Stein served as a legislative assistant to former Democratic senator Chris Dodd. From 1999 to 2000, Stein served as legal counsel to Sen. Jack Reed (D-R.I.), and from 2001 to 2006, she served as both the majority and minority staff director on the Senate Banking Subcommittee on Housing and Transportation.

From 2007 to 2009, Stein served as legal counsel and senior policy advisor to Reed, and since 2009, she has served as staff director of the Senate Subcommittee on Securities, Insurance and Investment.

Additionally, before her career on Capitol Hill, Stein was an associate at Wilmer, Cutler & Pickering and an assistant professor at the University of Dayton School of Law. She also worked as an advocacy fellow with Georgetown University’s Law Center from 1993 to 1995, and as a Skadden fellow from 1991 to 1993.

“I am very pleased to welcome Kara Stein to the SEC and greatly appreciate her continued commitment to public service,” White said.  “Kara joins an agency comprised of some of the most dedicated professionals in public service today.  She will be a critical partner in our ongoing effort to protect investors and oversee the most dynamic and complex markets in the world, and I am looking forward to working with her.”

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