Senate Banking to Hold Confirmation Hearing for New SEC Commissioners Peirce, Fairfax

Peirce, a senior research fellow at George Mason University’s Mercatus Center, has also served as a lawyer for the Senate Banking Committee and is a verbal opponent of the Dodd-Frank Wall Street reform law. Peirce would also likely oppose a fiduciary rule issued by the SEC that imposes the Investment Adviser Act fiduciary duty on brokers.

Fairfax is the Leroy Sorenson Merrifield Research Professor of Law at the George Washington University Law School. Prior to joining the GW law faculty, she was a professor of law and director of the Business Law Program at the University of Maryland School of Law.