Elad L. Roisman has been appointed acting chairman of the Securities and Exchange Commission by President Donald Trump. He fills the vacancy created by the departure of Jay Clayton on Dec. 23.
President-elect Joe Biden will nominate a permanent successor to Clayton.
Roisman, a Republican, has served as a commissioner since September 2018. Earlier, he served as chief counsel on the U.S. Senate Committee on Banking, Housing, and Urban Affairs, and as a counsel to SEC Commissioner Dan Gallagher.
In the private sector, he was an attorney at NYSE Euronext and an associate at the law firm of Milbank, Tweed, Hadley & McCloy.
In a joint statement, Commissioners Heather M. Peirce, Allison Herren Lee and Caroline A. Crenshaw said: “We heartily congratulate Commissioner Roisman on his designation as Acting Chairman of the Securities and Exchange Commission and look forward to continuing our work together to further the agency's vital mission.”
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