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Stories of Interest
- Sarah ten Siethoff is New Associate Director of SEC Investment Management Rulemaking Office
- Catherine Keating Appointed CEO of BNY Mellon Wealth Management
- Credit Suisse to Pay $47Mn to Resolve DOJ Asia Probe
- SEC Chair Clayton Goes 'Hat in Hand' Before Congress on 2019 Budget Request
- SEC's Opening Remarks to the Elder Justice Coordinating Council
- Massachusetts Jury Convicts CA Attorney of Securities Fraud
- Deutsche Bank Says 3 Senior Investment Bankers to Leave Firm
- World’s Biggest Hedge Fund Reportedly ‘Bearish On Financial Assets’
- SEC Fines Constant Contact, Popular Email Marketer, for Overstating Subscriber Numbers
- SocGen Agrees to Pay $1.3 Billion to End Libya, Libor Probes
- Cryptocurrency Exchange Bitfinex Briefly Halts Trading After Cyber Attack
- SEC Names Valerie Szczepanik Senior Advisor for Digital Assets and Innovation
- SEC Modernizes Delivery of Fund Reports, Seeks Public Feedback on Improving Fund Disclosure
- NYSE Says SEC Plan to Limit Exchange Rebates Would Hurt Investors
- Deutsche Bank faces another challenge with Fed stress test
- Former JPMorgan Broker Files racial discrimination suit against company
- $3.3Mn Winning Bid for Lunch with Warren Buffett
- Julie Erhardt is SEC's New Acting Chief Risk Officer
- Chyhe Becker is SEC's New Acting Chief Economist, Acting Director of Economic and Risk Analysis Division
- Getting a Handle on Virtual Currencies - FINRA
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NEWSLETTERS & ALERTS
Senator Warren Aide Running for Seat on the SEC
[Photo: Eliz. Warren, by Ron Sachs / Zuma]
It’s common knowledge that Donald Trump has been in no particular hurry to fill the vacancies at the SEC and the CFTC. Yes, he just successfully filled the SEC Chair position with Jay Clayton, who was confirmed last week. However, J. Christopher Giancarlo, who currently serves as CFTC Acting Chairman, is watching his nomination as permanent CFTC Chair slowly wend its way through the Senate chamber.
Heaven knows what this glacial pace might mean for filling the empty commissioner seats at both agencies – 2 at the SEC and 3 at the CFTC.
In any case, we now have word that Bharat Ramamurti, a legislative aide to Democratic Senator Elizabeth Warren, is running to fill one of the vacancies on the SEC. Ramamurti is Warren’s senior counsel on banking and economic policy, and assisted during the Senate investigation of Wells Fargo and its sales account scandal.
As her counsel on the banking committee, Ramamurti has apparently played a prominent role in shaping Warren's policy agenda. Besides working on the Wells investigation, Ramamurti has worked on bipartisan efforts to broker a deal on housing reforms for mortgage lenders Fannie Mae and Freddie Mac. Mr. Ramamurti is a graduate of Harvard and Yale Law.
According to Reuters, at least 3 other names were mentioned as possible candidates for a seat on the SEC: Vermont Law School professor Jennifer Taub, AFL-CIO's office of investment director Heather Slavkin Corzo and Andy Green, a managing director at the Center for American Progress who previously worked for SEC Democratic Commissioner Kara Stein.