SEC Commissioner Nazareth Departs Agency
Yesterday marked the final day as an SEC Commissioner for Annette Nazareth. In a letter to President Bush dated January 18, 20008, Ms. Nazareth announced that she was resigning as of January 31, 2008 “to pursue other professional opportunities.”
Following the departure in September 2007 of fellow Democratic commissioner Roel Campos, Nazareth had been the sole Democrat on the SEC, serving along with Republican Chairman Christopher Cox and commissioners Kathleen Casey and Paul Atkins. As discussed in this article, “by law, the SEC cannot have more than three members from the same political party, which effectively means President Bush will have to find two Democrats” to join the Commission. Earlier this year, Senate Majority Leader Harry Reid reportedly recommended two former SEC officials to fill the Democratic spots — Elisse Walter and Luis Aguilar.
