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Senate committee considers Elad Roisman for SEC vacancy

Joe Mont | July 25, 2018

The last time there were vacancies on the Securities and Exchange Commission, it took two presidential administrations and more than two years to fill those seats.

In June, President Trump, hoping to avoid another agency-crippling Congressional impasse, was quick to nominate Elad Roisman, upon news of Commissioner Michael 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, have afforded me a broad spectrum of experiences that would enable me to effectively serve the public and carry out the SEC’s mission should I be confirmed,” he testified.

“While...

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