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Reports Say President Trump May Nominate Hester Peirce to SEC Commissioner Post

According to a Bloomberg report, President Trump is expected to select Hester Peirce, a research fellow at the Mercatus Center at George Mason University, to fill a Republican commissioner vacancy at the SEC. The report also speculates that candidates for the Democratic vacancy include Robert Jackson, a professor at Columbia University, and Bharat Ramamurti, currently an aide to Senator Elizabeth Warren. Hester Peirce had been selected as a commissioner in 2015 under the Obama administration but her nomination faltered in the Senate Banking Committee. Meanwhile, the SEC announced that Acting Director of the Division of Enforcement Stephanie Avakian and former federal prosecutor Steven Peikin have been named co-Directors of the Division of Enforcement, among other hires in Corporation Finance and its regional offices. The Trump Administration also recently selected James Clinger, chief counsel for the House Financial Services Committee, to serve as chairman of the FDIC.