Members of the Senate put partisan bickering aside for a moment to confirm three presidential nominees to financial regulator posts. The Senate approved the re-appointment of Luis Aguilar and also confirmed the appointment of newcomer Daniel Gallagher to the Securities and Exchange Commission. It also voted Mark Wetjen onto the board of the Commodity and Futures Trading Commission.
Aguilar, the incumbent Democrat nominee at the Securities and Exchange Commission, was re-elected for a second term at the SEC yesterday following a confirmation vote by the U.S. Senate late last night. Aguilar’s re-nomination was backed by President Barrack Obama. His term at the SEC had expired in June, however SEC rules allowed commissioner whose term has expired to continue acting in the position for not more than 18 months prior to the appointment of a successor.
