President Obama has named Kara Stein, Democrat, and Michael Piwowar, Republican as nominees for SEC Commissioners.  Both are currently Senate aides. 

Ms. Stein is currently legal counsel and senior policy advisor to Senator Jack Reed, who is a senior member of the Senate Banking Committee, and would replace Commissioner Elisse Walter.  If confirmed, her term would expire in June 2017. 

Mr. Piwowar is an aide to Senator Mike Crapo and the Banking Committee’s Republican chief economist.  He is being nominated to replace Commissioner Troy Paredes with a term to expire in June 2018 if confirmed. 

If you have any questions regarding the matters covered in this publication, please reach out to any of the lawyers listed below or your usual Davis Polk contact.

This communication, which we believe may be of interest to our clients and friends of the firm, is for general information only. It is not a full analysis of the matters presented and should not be relied upon as legal advice. This may be considered attorney advertising in some jurisdictions. Please refer to the firm's privacy notice for further details.
Copy link to share post