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Senate confirms Roisman as newest SEC commissioner

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Senate confirms Roisman as newest SEC commissioner

The U.S. Senate has confirmed Elad Roisman as the newest SEC commissioner, to bring the agency's five-person commission back to full capacity.

Roisman, a former SEC aide, was confirmed by a vote of 85-14. While Roisman still needs to be sworn in, the confirmation means the SEC commission will soon be back at full strength. Roisman, a Republican, will take over for Michael Piwowar, who left the agency in July.

Since January 2017, Roisman has worked as chief counsel for the Senate Banking Committee. Roisman previously held positions on former SEC Commissioner Dan Gallagher's staff and at NYSE Euronext. The White House nominated Roisman to join the SEC as a commissioner in June.

The SEC's commission will have another vacancy to fill in the coming months. The White House has yet to officially nominate a Democrat to succeed SEC Commissioner Kara Stein, who is able to stay on as a commissioner until the end of 2018.

Allison Lee, a former SEC enforcement attorney and aide to Stein, is reportedly a front-runner to succeed Stein.