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SEC Close to Full Strength as Senate Confirms GOP Commissioner

  • Elad Roisman to fill open slot at Wall Street regulator
  • Addition likely to help bolster Chairman Jay Clayton’s agenda
Elad Roisman

Elad Roisman

Photographer: Andrew Harrer/Bloomberg

The U.S. Securities and Exchange Commission is poised to be back at full strength after the Senate confirmed Elad Roisman to fill the regulator’s open Republican seat, likely providing a boost for the Trump-appointed chairman who leads the agency.

Roisman, who has been serving as chief counsel to the Senate Banking Committee, will join the SEC as Chairman Jay Clayton tries to secure enough support from commissioners to pass rules on his agenda. Near the top of Clayton’s list is a sweeping effort to overhaul conflict-of-interest regulations for Wall Street brokers. He will probably need Roisman’s vote to get the proposal over the goal line.