WASHINGTON – Elad Roisman has officially joined the Securities and Exchange Commission as its newest commissioner after being sworn in by SEC chairman Jay Clayton Tuesday.
Roisman, a Republican, won Senate confirmation on Sept. 5, and will serve a term that expires on June 5, 2023. He comes to the SEC from the Senate Banking Committee, but previously worked as counsel to then-Commissioner Daniel Gallagher from December 2012 to June 2014.
While he has no formal muni experience, Gallagher has credited Roisman as an influential advisor on fixed-income issues and promised that Roisman would be “a force” on muni issues.
“It is my honor to welcome Elad back to the Commission,” said Clayton. “Elad’s broad experience and previous work at the Commission will serve Main Street investors and our markets well.”
Roisman said he is excited about his next go-around at the SEC.
“I am excited to have the opportunity to be back working with the talented and hardworking people at the SEC, as well as with my fellow Commissioners,” said Roisman. “I look forward to engaging with them and the public to carry out the SEC’s important mission.”
With the addition of Roisman, the SEC returns to full strength after being down a member following Michael Piwowar’s departure in July. Commissioner Kara Stein is due to leave this year and will have to be replaced, but President Trump has not yet nominated a Democrat for her position.
