President Bush Announces Intent To Nominate Aguilar, Walter As SEC Commissioners
March 28, 2007

On March 28, 2008, President George W. Bush announced his intent to nominate two individuals as commissioners at the U.S. Securities and Exchange Commission (SEC): Luis Aguilar and Elisse B. Walter. The nominees would fill the two open positions previously held by Democrats Roel Campos and Annette Nazareth. If confirmed by the Senate, Aguilar and Walter would join the SEC’s three current Commissioners Christopher Cox, Paul Atkins, and Kathleen Casey.

According to this White House press release, President Bush intends to nominate Aguilar for the remainder of a five-year term (Campos’ former term), expiring June 5, 2010, and he intends to nominate Walter for the remainder of a five-year term (Nazareth’s former term) expiring June 5, 2012.

Following is biographical information on the two nominees from the White House press release:

Luis Aguilar, of Georgia currently serves as a partner at McKenna, Long & Aldridge, LLP. Prior to this, he served as a partner at Alston & Bird, LLP. Earlier in his career, he served as the General Counsel of INVESCO. Mr. Aguilar received his bachelor's degree from Georgia Southern University, his JD from the University of Georgia Law School and his MLT from Emory University.

Elisse B. Walter, of Maryland, currently serves as senior executive vice president for Regulatory Policy & Programs at the Financial Industry Regulatory Authority. Prior to this, she served as general counsel of the Commodities Futures Trading Commission. Earlier in her career, she served as deputy director of the Division of Corporation Finance of the Securities and Exchange Commission. Ms. Walter received her bachelor's degree from Yale University and her JD from Harvard Law School.

Prepared March 28, 2008 by Edith Orenstein, Director, Technical Policy Analysis, Financial Executives International (FEI). This summary does not represent FEI opinion unless specifically noted above.