Richard Roberts Chosen to Fill Vacant Post at SEC
President Bush nominated Washington attorney Richard Y. Roberts to fill a vacancy on the Securities and Exchange Commission.
Roberts, a former chief of staff to Sen. Richard Shelby (D-Ala.), would fill the seat of Joseph Grundfest, who left the five-member commission in January.
The nomination is subject to confirmation by the Senate. No date for confirmation hearings was set.
The SEC regulates stocks and bonds, the exchanges that trade in them and other financial markets such as mutual funds.
The chairman and four commissioners, all appointed by the President, serve five-year terms.
Roberts, 39, a native of Birmingham, Ala., served 4 1/2 years as Shelby’s legislative aide in the House and from January, 1987, to April, 1990, after Shelby was elected to the Senate.
Shelby, who sits on the Senate Banking Committee, which will consider Roberts’ nomination, issued a statement that said in part: “His educational and legal background is complemented by his experience on Capitol Hill and his work on securities legislation connected with my membership on both the House Energy and Commerce Committee and later on the Senate Banking Committee.”
Roberts left Shelby’s staff in April to join the law firm of Miller, Hamilton, Snider, Odom & Bridgeman.
Get the L.A. Times Politics newsletter
Deeply reported insights into legislation, politics and policy from Sacramento, Washington and beyond. In your inbox three times per week.
You may occasionally receive promotional content from the Los Angeles Times.
