The Senate Banking Committee on Thursday approved by voice vote the nomination of Elad Roisman, the Senate Banking Committee’s chief counsel, to serve as a commissioner at the Securities and Exchange Commission.
His nomination now moves to the full Senate.
Roisman was nominated on June 4 to replace Commissioner Michael Piwowar, a Republican, who left his post on July 7.
Senate Banking Committee Chairman Mike Crapo, R-Idaho, said in his opening remarks at the Thursday hearing that Roisman “has been a valued advisor and resource to many on the committee as its senior counsel and chief counsel, and he developed a vast knowledge of securities law in his previous roles as counsel to Commissioner Daniel Gallagher at the SEC, and as chief counsel at the NYSE Euronext.”
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During his July 24 nomination hearing before the Senate Banking Committee, Roisman was questioned about the agency’s advice standards package.