Obama nominates law professor, think tanker for SEC posts
{{#rendered}} {{/rendered}}President Obama on Tuesday nominated two candidates for positions on the Securities and Exchange Commission, including a law professor favored by liberals and a think tank analyst selected by Republicans.
The Democratic candidate, Lisa Fairfax, is a professor at George Washington University Law School.
The other candidate for a spot on the five-member commission, Hester Peirce, is a financial regulatory analyst at the Mercatus Center, a libertarian think tank at George Mason University. Peirce was previously a Republican staffer for the Senate Banking Committee and has served as a staffer at the commission.
{{#rendered}} {{/rendered}}The SEC, which is tasked with protecting investors and regulating financial markets, is required to have at least two commissioners who are not from the majority party.