President Barack Obama is set to nominate Lisa Fairfax, a law professor at George Washington University, as a commissioner of the Securities and Exchange Commission, the White House saidÂ Tuesday.
The White House also announced thatÂ Hester Peirce, director of the financial markets working group at George Mason University’s Mercatus Center, will beÂ nominated to serve on the five-member commission.
Fairfax has served as GWU’sÂ Leroy Sorenson Merrifield Research Professor of LawÂ as well as executive board member andÂ director of programs at the university’sÂ Center for Law, Economics and Finance since 2009.
She is also co-director at the DirectWomen Board Institute and chair-elect of American Association of Law Schools’ securities regulation section.
BetweenÂ 2000 and 2009, Fairfax held various positions at the University of Maryland School of Law.
She practiced corporate law at Ropes & Gray, where she focused on venture capital transactions, mergers and acquisitions, private placements and public offerings.
PeirceÂ has directed the Mercatus Center’s financial markets working group since 2012 and serves as a GMU senior research fellow.
She also worked as a senior counsel at the Senate Banking, Housing and Urban Affairs Committee from 2008 to 2011 and held the roles of staff attorney at SEC and counsel to an agency commissionerÂ between 2000 and 2008.
Before that, Peirce was an associate at law firm Wilmer, Cutler & Pickering as well as a law clerk at the U.S. Court of Federal Claims.