This week -- finally(!) -- the Senate Banking Committee held confirmation hearings for the two people nominated to be the next SEC commissioners: Hester Peirce and Lisa Fairfax. Presently, following the 2015 departures of SEC commissioners Luis Aguilar and Daniel Gallagher, the SEC is operating with just three commissioners (Chair Mary Jo White and commissioners Michael Piwowar and Kara Stein).
To recap, Peirce and Fairfax were nominated by President Obama way back in October 2015 to fill open Republican and Democrat seats on the Commission, respectively. Peirce is currently a senior research fellow at the Mercatus Center at...
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