Sen. Richard Shelby is applauding the confirmation of one of his former aides to the U.S. Securities and Exchange Commission.
The Senate confirmed Elad Roisman, Shelby’s former counsel on the Senate Banking Committee, to be a member of the SEC. He was confirmed by a vote of 85-14.
“Elad Roisman’s confirmation is excellent news for the Securities and Exchange Commission and for our nation’s financial system,” Shelby said. “The time he spent as my trusted advisor gives me confidence that he will assist the commission in effectively overseeing our capital markets. I look forward to working with him in this new capacity to create an environment for main street investors to succeed and fairly enforce federal securities laws.”
The White House nominated Roisman in June to fill a seat on the SEC.
In his confirmation hearing, Roisman said, “U.S. capital markets are the envy of the world and the importance of the SEC’s role in this cannot be overstated.”
He noted that in order to “continue this, the SEC must examine and re-examine its rules, regulations, and guidelines to ensure that they are still working as intended to accomplish the SEC’s mission.”
Roisman was most recently the chief counsel to the Senate Banking Committee, where he also previously held the title of securities counsel.
Before serving the Banking Committee, Roisman was counsel to SEC Commissioner Daniel Gallagher and chief counsel to NYSE Euronext.
He began his career as an associate at Milbank, Tweed, Hadley & McCloy LLP. Roisman graduated from Cornell and went on to earn a law degree from Boston University.