Last week, President Trump announced that he would nominate Senate Banking Committee aide Elad Roisman to the open seat on the Securities and Exchange Commission (“SEC”). Currently the chief counsel to Senate Banking Committee chairman Mike Crapo, Roisman was counsel to Daniel Gallagher from 2012-2014 when Gallagher was an SEC commissioner. Crapo stated that Roisman would be a valuable asset to the agency.
The seat on the SEC became vacant when commissioner Michael Piwowar announced he would leave the agency when his term ends this month. Piwowar, however, did say he is open to staying until the Senate confirms his successor.