Three more weeks have now passed since a supposedly “routine” April 7 vote in Congress to approve SEC commissioner nominees Lisa Fairfax and Hester Peirce was abruptly terminated without a vote even taking place. Surely the Senate has gotten its act together by now to confirm (or not) President Obama’s nominees for the short-handed SEC, right? Think again.
To the contrary, all SEC commissioner-related proceedings in the Senate remain “postponed” indefinitely, with no new hearings in sight. As Ted Knutson, D.C. correspondent for Financial Advisor magazine joked last week on Twitter, “Look for SEC to put faces of Hester Peirce, Lisa Fairfax on milk cartons, nominated 1/2 year ago, they are no where to be seen.” Today, Knutson reported on Twitter that when he asked Peirce when Sen. Richard Shelby, Chairman of the Senate Banking Committee, was going to move forward with her SEC nomination, she replied, “you are talking to the wrong woman.”
