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 on Monday.

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.

U.S. President Donald Trump's return to the White House has been met with both relief and disappointment across world markets as investors try to work out what the next four years will bring.