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Obama Makes Nominations for SEC Commissioners

President Barack Obama nominated two U.S. Senate aides on Thursday to serve as members of the Securities and Exchange Commission, the agency tasked with policing Wall Street.Obama said Kara Stein, an aide to Rhode Island Democratic Senator Jack Reed, would replace SEC Democratic Commissioner Elisse Walter.Michael Piwowar, an economist who works for Alabama Republican Senator Richard Shelby, would replace SEC Republican Commissioner Troy Paredes, whose term is set to expire in June.The Senate must approve the nominations."Both of their experiences will serve them well as they work to fulfill the SEC's mission of protecting investors and ensuring a fair marketplace," Senate Banking Committee Chairman Tim Johnson of South Dakota said in a statement.Stein's and Piwowar's names have been circulating for months as likely successors to Walter and Paredes.Obama's decision to nominate them roughly one month after SEC Chairwoman Mary Jo White was sworn in signals the administration is anxious to...

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  1. Proxy advisory firm settles SEC charges over data breach

    Institutional Shareholder Services has settled civil charges by U.S. regulators that an employee of the prominent proxy advisory firm shared nonpublic voting data in...

  2. White says SEC not now writing political spending rule

    The head of the Securities and Exchange Commission told lawmakers on Thursday that her agency, despite pressure from liberal groups, is not currently drafting a rule...

  3. Lawmakers Launch Crucial Debate Over Immigration

    A U.S. Senate committee on Thursday launched a weeks-long effort to pass a comprehensive immigration bill with a warning from the panel's top Republican that he woul...

  4. Senator urges quick action on Ex-Im nominee Hochberg

    Senate Banking Committee Chairman Tim Johnson on Tuesday warned the U.S. Export-Import Bank could be forced to stop operations in two months unless the Senate quickl...

  5. Top U.S. Cities for Small Business Growth in 2013

    Biz2Credit releases ‘Fastest Growing Small Business Cities in America’ study results, based on analysis of 15,000 U.S. small businesses, defined as companies having fewer than 250 employees or less than $10 million in annual revenues.

  6. Business group says imports actually support U.S. jobs

    A new report on Monday credited imports with supporting 16 million U.S. jobs in a bid by business groups to improve the image of the ugly brother of trade.While poli...

  7. SEC Chief Remains Mum on Money Market Fund Rules

    The top U.S. securities regulator remained tight-lipped on Friday about the details of her agency's efforts to craft reforms for money market funds, probably disappo...

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