Michael Piwowar, the chief Republican economist for the U.S. Senate Banking Committee, is being vetted for an appointment to the Securities and Exchange Commission when a slot opens later this year, according to four people briefed on the matter.
Piwowar would be nominated for the seat held by Republican Commissioner Troy Paredes, whose term ends in June, according to the people, who spoke on condition of anonymity because the discussions aren’t public. Paredes, who was a professor at the Washington University School of Law before he joined the SEC in 2008, has told people he is eager to return to academia.
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