Elad L. Roisman has been appointed acting chairman of the Securities and Exchange Commission by President Donald Trump. He fills the vacancy created by the departure of Jay Clayton on Dec. 23.
President-elect Joe Biden will nominate a permanent successor to Clayton.
Roisman, a Republican, has served as a commissioner since September 2018. Earlier, he served as chief counsel on the U.S. Senate Committee on Banking, Housing, and Urban Affairs, and as a counsel to SEC Commissioner Dan Gallagher.
In the private sector, he was an attorney at NYSE Euronext and an associate at the law firm of Milbank, Tweed, Hadley & McCloy.
In a joint statement, Commissioners Heather M. Peirce, Allison Herren Lee and Caroline A. Crenshaw said: “We heartily congratulate Commissioner Roisman on his designation as Acting Chairman of the Securities and Exchange Commission and look forward to continuing our work together to further the agency's vital mission.”
Integrated Partners is adding a mother-son tandem to its network in Missouri as Kestra onboards a father-son advisor duo from UBS.
Futures indicate stocks will build on Tuesday's rally.
Cost of living still tops concerns about negative impacts on personal finances
Financial advisors remain vital allies even as DIY investing grows
A trade deal would mean significant cut in tariffs but 'it wont be zero'.
RIAs face rising regulatory pressure in 2025. Forward-looking firms are responding with embedded technology, not more paperwork.
As inheritances are set to reshape client portfolios and next-gen heirs demand digital-first experiences, firms are retooling their wealth tech stacks and succession models in real time.
