Two SEC Nominees Slated for Nov. 1 Banking Committee Vote

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By Phyllis Diamond

The Senate Banking Committee said Oct. 30 it will vote Nov. 1 in an executive session on the nominations of academics Hester Peirce and Robert Jackson to the Securities and Exchange Commission.

Peirce is a senior research fellow at George Mason University’s Mercatus Center and Jackson is a professor at Columbia Law School. She would fill a Republican seat on the commission and Jackson a Democratic one.

Both candidates said at their Oct. 24 confirmation hearing that cybersecurity would be a top priority. They also expressed concern about the cyber-vulnerability of the planned Consolidated Audit Trail, a massive database of information intended to help the SEC fight illegal trading and monitor market disruptions.

With Peirce and Jackson on board, the agency would have all five members for the first time since October 2015, when Daniel Gallagher left the agency.

To contact the reporter on this story: Phyllis Diamond in Washington at pdiamond@bna.com

To contact the editor responsible for this story: Yin Wilczek at ywilczek@bna.com

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