WASHINGTON, D.C. – U.S. Senator Richard Shelby (R-Ala.) today applauded the Senate confirmation of his former counsel on the Senate Banking Committee, Elad Roisman, to be a member of the U.S. Securities and Exchange Commission (SEC). Roisman 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,” said Senator Shelby. “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.”
Roisman was nominated by the White House in June to fill this position. In his confirmation hearing, he recognized that “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.”
Elad Roisman most recently served as chief counsel to the Senate Banking Committee, where he also previously held the title of securities counsel. Before joining the Banking Committee, Roisman served as counsel to SEC Commissioner Daniel Gallagher and as chief counsel of NYSE Euronext. He began his career as an associate at Milbank, Tweed, Hadley & McCloy LLP. Roisman graduated from Cornell and went on to earn his Juris Doctorate from Boston University.