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Senate Banking Committee advances SEC nominee

Joe Mont | August 24, 2018

The Senate Banking Committee, on Thursday, approved the nomination of Elad Roisman for the Securities and Exchange Commission SEC vacancy created by the departure of MichaelPiwowar.

Roisman was approved by a unanimous voice vote and now heads to a confirmation vote by the full Senate.

In June, President Trump, hoping to avoid another agency-crippling Congressional impasse, was quick to nominate Roisman, upon news of Piwowar’s planned departure. On July 24, Roisman, a Republican, made his pitch for the job during a nomination hearing before the Senate Banking Committee. His term would expire on June 5, 2023.

Roisman said that joining the SEC would be a natural extension of his past experience. “My professional experience as a securities lawyer at a global law firm, a chief counsel at NYSE Euronext, counsel to an SEC commissioner, and now chief counsel on this committee, [has] afforded me a broad spectrum of experiences that would enable me to effectively serve...

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