A former U.S. Senate Banking Committee lawyer has emerged as the leading candidate for a Republican seat on the Securities and Exchange Commission, people familiar with the matter said.
Hester Peirce, a senior research fellow at George Mason University’s Mercatus Center, would fill the slot held by departing Commissioner Daniel Gallagher. She is a well-known critic of the government’s Wall Street bailout and the regulatory expansion passed in the wake of the financial crisis.
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