Yesterday, the Senate voted to confirm the nomination of Elad L. Roisman to be a member of the Securities and Exchange Commission. Mr. Roisman fills the vacant seat left by Michael Piwowar. This is the fourth Commissioner appointed by President Trump. I expect we will see pictures of the swearing in ceremony this morning.
Mr. Roisman was the chief counsel of the Senate Banking Committee. Before joining the Banking Committee, Roisman was counsel to former SEC Commissioner Daniel Gallagher.
Mr. Roisman will join Republican Commissioner Peirce and Chairman Clayton to likely bring a more de-regulatory stance to the agency
Commissioner Piwowar left the SEC in July and joined the Milken Institute on Wednesday.
The days of a full strength SEC may not last into 2019. Commissioner Stein is serving beyond her term and must step down at the end of the year. There seems to be little incentive for President Trump to speedily re-fill that Democratic spot.
If your wondering who the 15 Nay votes on the confirmation, they are the Senators you would expect.
NAYs —14
Baldwin (D-WI)
Blumenthal (D-CT)
Booker (D-NJ)
Durbin (D-IL)
Feinstein (D-CA)
Gillibrand (D-NY)
Harris (D-CA)
Markey (D-MA)
Menendez (D-NJ)
Merkley (D-OR)
Sanders (I-VT)
Schumer (D-NY)
Warren (D-MA)
Whitehouse (D-RI)
Sources:
