SEC Appointees Held In Senate

The Securities and Exchange Commission is operating now with only 3 commissioners.

Two Obama nominees are being held up in the Senate as the political season heats up, with Banking Committee Chairman Richard Shelby, R-Ala., telling Politico in January he didn’t anticipate moving nominees until after his March 1 primary.

However, unlike the Supreme Court, the SEC now has 1 Democratic, 1 Republican and 1 Independent appointee. Terms are for 5 years and one Commissioner’s term expires on June 5th of each year.

http://www.investmentnews.com/article/20160216/FREE/160219950/sec-nominations-could-stall-amid-partisan-warfare-over-supreme-court
https://www.sec.gov/about/commissioner.shtml

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About JeffKoeppel

I am a corporate/securities attorney in the Washington, DC area. Prior to joining the firm, I was a Senior Attorney Advisor in the Division of Corporation Finance at the U.S. Securities and Exchange Commission. I am a member of the Bars of the States of Maryland, New York and the District of Columbia. You can also follow this blog on LinkedIn at: http://www.linkedin.com/pub/jeffrey-a-koeppel/0/63/5a9
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