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Statement Congratulating SEC Nominees

Commissioner Troy A. Paredes

U.S. Securities and Exchange Commission

May 28, 2013

Late last week, President Obama nominated Michael Piwowar and Kara Stein to serve as SEC commissioners. I want to congratulate Mike and Kara on their nominations. Because the SEC is currently addressing many significant issues — such as finalizing its Dodd-Frank rulemakings and implementing the JOBS Act — it is quite an important time to join the agency.

For me, serving in government has been a fascinating and rewarding experience, having previously spent time in the private sector as an attorney and in academia as a professor. I am truly honored to have worked on behalf of the SEC’s mission, particularly during the financial crisis and its aftermath.

Although I’m leaving the Commission, I intend to remain involved in the financial and corporate governance issues of the day, and I look forward to new opportunities to make a positive impact for investors, companies, and our markets.

I plan to stay on the Commission until Mike, who will succeed me, takes office.