President Donald Trump named Mark Uyeda, a Republican member of the U.S. Securities and Exchange Commission (SEC), acting chair of the agency. What Happened: The White House confirmed Uyedas’s role as acting chair of the agency.

Uyeda will serve as the interim head of Wall Street’s top cop while Trump’s pick for permanent chair, Paul Atkins, waits to be confirmed by the Senate.

According to the CFTC, one of Donald Trump’s first official acts as US President included naming Commissioner Caroline Pham to be the regulator’s acting chair starting on Jan. 20.

Newly sworn-in President Donald Trump has tapped Mark Uyeda, a Republican member of the U.S. Securities and Exchange Commission, to be acting chair of the agency, the White House said Monday. Uyeda takes over from Gary Gensler,