Annette Nazareth, the lone Democratic commissioner at the Securities and Exchange Commission who announced her intention to step down last year, has said she would leave at the end of this month
Annette Nazareth, the lone Democratic commissioner at the Securitiesand Exchange Commission who announced her intention to step down last year,has said she would leave at the end of this month, according to Financial Times.
With the resignation late last year of Roel Camposthe SEC is now short two of its five commissioners. The other three areRepublicans. Nazarethwas appointed to the commissioner’s post by President Bush in 2005.
Her announcement comes at a time in which the SEC is working on a new system of“mutual recognition” with foreign regulators that would, for the first time, allow foreign exchangesand brokers direct access to U.S.investors.
Who will replace her or Campos? The FT reports: “continuingspeculation that the two current SEC vacancies may be filled by Elisse Walter,a regulatory policy executive at the Financial Industry Regulatory Authority,the largest non-governmental regulator for broker-dealers, and Luis Aguilar, asecurities lawyer at McKenna Long & Aldridge.”
