The Senate has confirmed the appointment of Elad Roisman as SEC Commissioner, replacing Republican Commissioner Michael Piwowar. He hails from that pipeline to the SEC, the Senate Banking Committee, where, according to Investment News, he served as Chief Counsel. Prior to that position, he served as counsel to SEC Republican Commissioner Daniel Gallagher.   

Rumor has it that the Democratic selection for nominee is expected to be Allison Lee, a former SEC enforcement attorney and aid to Commissioner Kara Stein, whose term has expired. (She can hold over until December.) However, no nomination has yet been made. As noted in the article, typically the Democratic and Republican nominees are submitted in tandem for confirmation, but not in this case, for reasons not yet made clear.

Posted by Cydney Posner