Corporate And Financial Weekly Digest - April 4, 2008

Mondaq Business Briefing › United States Law Articles in English (2008)

Author position: Katten Muchin Rosenman LLP

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Corporate And Financial Weekly Digest - April 4, 2008

SEC/CorporateRobert L. Kohl, Mark A. Conley & Perri Lyn Melnick

President Nominates Two Democrats to Be SEC Commissioners

On March 28, President Bush announced his intention to nominate two Democrats, Luis Aguilar and Elisse Walter, to fill empty seats at the Securities and Exchange Commission. By law, the five person commission may not have more than three members from the President's political party. The Commission has been operating with only three Republican commissioners since Annette Nazareth left in January and Roel Campos left last September.

Elisse Walter is a former deputy director of the SEC's corporation finance division. She is currently serving as a Senior Executive Vice President for Regulatory Policy & Programs at the Financial Industry Regulatory Authority.

Mr. Aguilar is a former SEC attorney who also served as General Counsel of INVESCO. He is currently a partner at the law firm McKenna, Long & Aldridge, LLP.

While Senate...

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