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Corporate Governance

: PomTalk

No More Democrats On The SEC

By Jason Cowart

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Well, that's it, there are no longer any Democrats on the Securities and Exchange Commission.

According to her letter of resignation, yesterday marked the last day for SEC Commissioner Annette Nazareth.  This means that the only remaining commissioners are all Republicans -- Chairman Christopher Cox, Kathleen Casey and Paul Atkins.  By law, the SEC cannot have more than three members from the same political party.  As we reported earlier, although Senate Majority Leader Harry Reid has reportedly recommended two former SEC officials to fill the Democratic spots, Elisse Walter and Luis Aguilar, President Bush does not seem to be in much of a hurry to appoint new commissioners.

   

Full post as published by PomTalk on February 01, 2008 (boomark / email).

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