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.”
During his July 24 nomination hearing before the Senate Banking Committee, Roisman was questioned about the agency’s advice standards package.