The US Securities and Exchange Commission (SEC ) announced on Thursday that Martha Legg Miller, the current Director of the Office of the Advocate for Small Business Capital Formation (OASB), will leave the agency. The press release noted that her departure would be effective at the end of April.
Miller became the first Director of OASB in December 2018. The Capital Raising Hub , Navigator decision tool, Capital Trends Maps, and Cutting through the Jargon glossary were among the educational resources she developed during her tenure.
“We are thankful for Martha’s dedicated service to the SEC. She built the Office of the Advocate for Small Business Capital Formation from the ground up. The office has become an integral part of how the SEC helps ensure that small businesses, including minority-owned, women-owned, rural and natural disaster area small businesses, and their investors are represented in SEC policymaking. Her leadership will have a lasting impact on the SEC and our work. We thank Martha for her service and wish her the best,” the SEC Chairman, Gary Gensler and Commissioners, Hester M. Peirce, Allison Herren Lee and Caroline A. Crenshaw commented in a joint statement.
During Miller’s tenure at the SEC, OASB established the Small Business Capital Formation Advisory Committee, piloted digital solutions to increase public participation in the Small Business Forum and crafted annual reports to Congress.
New Acting Director
Sebastian Gomez Abero, who joined the US SEC in 2007, will serve as Deputy Director following Miller’s departure. He currently works as Deputy Director of the Office. He earned a bachelor’s degree from Bridgewater College and a law degree from Northwestern University.
Last year, the US SEC announced that it had appointed Haoxiang Zhu as its new Director of the Division of Trading and Markets. David Saltiel was named as the new SEC’s Deputy Director of the same division.
