SEC nominees approved

The Senate Banking Committee today unanimously approved three nominees to be members of the Securities and Exchange Commission. Elisse Walter, senior executive vice president for regulatory policy and programs for the Financial Industry Regulatory Authority Inc. of Washington and New York, Luis Aguilar, a partner with Atlanta law firm McKenna Long & Aldridge LLP, and Troy Paredes, professor of law and business at Washington University School of Law in St. Louis, were approved 10-0 by the committee. The three now must be approved by the full Senate before taking their seats on the commission. Currently, there are only three commissioners, all of whom are Republican. Ms. Walter and Mr. Aguilar are Democrats and Mr. Paredes is a Republican.