Stein would replace
Stein and Piwowar, whose nominations must be confirmed by the
Stein was a top aide to Reed last year when he was chairman of a
Both nominees were hailed by Senator
In a statement, Johnson said Stein worked for Reed on the committee for more than a decade. Crapo said Piwowar has “thoroughly demonstrated his understanding of these complex issues” during his time as a
“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,” said Johnson, a
Walter, whose term has expired, can serve until the end of the year. Paredes’ term expires in June, and the former law professor has told people he is eager to return to academia.
Piwowar, who also previously worked as a staff economist at the
Stein has law degree from
“Given the importance of those issues, that is something she’ll bring,” Roper said. “She is just really solid and an outstanding selection. It’s very encouraging.”
Stein and Piwowar should have no trouble getting
The pair also could bridge some divides at the commission, which sometimes has voted along party lines, Calabria said.
“You are going to have a Republican and a Democrat on the commission who know each other and have a working relationship,” said Calabria, now director of financial regulation studies at the
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