Trump has named Roisman as acting SEC chairman

President TrumpDonald Trump The New York Post’s editorial board has called on President Trump to start “thinking” about Georgia’s runoff instead of overturning the election lull, praising Trump for signing the Covid-19 relief law after signs of uncertainty. Package more The agency on Monday appointed Elad Roisman, acting chairman of the Securities and Exchange Commission (SEC), the agency announced.

Republicans, Rasman were nominated by Trump, and Chief GOP on the Senate Banking Committee. He replaces former President Jay Clayton, who was appointed to the SEC by Trump and has led the investment regulator since May 2017.

Clayton, whose SEC expires in 2021, said in November that he would resign from the SEC by the end of 2020. It came months after Trump nominated Clayton to replace former U.S. Attorney Geoffrey Berman for New York’s Southern District.

When Clayton sought to stay in the Trump administration when he returned home to New York, his lack of prosecuting experience and the Burman shooting controversy derailed his nomination. Specializing in Wall Street mergers, acquisitions and stockings fringes, he was a partner at law firm Sullivan and Cromwell before joining the SEC.

Isman will lead the SEC, which is equally divided along party lines, with Republican Commissioner Hester Pierce and Democratic Commissioners Alison Lee and Caroline Cranchow. All were appointed to the SEC by Trump, who is legally barred from having more than three members of any political party.

Clayton’s departure also gives the president-elect JB BidenBiden has called on President Trump to start “thinking” about Georgia’s runoff through the editorial board of the New York Post. Senators have more to look forward to fighting in next month’s Electoral Rally College Ledge. Beginning to establish a Democratic majority at the SEC with a new member. SEC commissioners offer prescribed conditions, but the president may appoint any commissioner to serve as chairman. Biden could nominate either Lee or Cranshaw to chair the SEC or appoint another Democrat to replace Clayton and serve as chairman.