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Jackson is expected to be formally nominated on Friday, the
source said. He would fill a vacant spot reserved for a Democrat
on the five-member panel.
His appointment follows the administration's decision to
nominate Hester Peirce as a Republican commissioner in July and
would bring the SEC to full strength and paving the way for
Chairman Jay Clayton to push ahead on an agenda of reducing
public companies' regulatory burdens.
Jackson could not be reached for comment on Thursday.
Jackson is known for his advocacy work in trying to advance new
rules at the SEC that would force public companies to disclose
their political spending to investors.
(Reporting by Svea Herbst-Bayliss; Writing by Eric Beech;
Editing by Mohammad Zargham and Lisa Shumaker)
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