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SEC Swing Vote Roisman Set to Wield Big Influence

Feb. 20, 2019, 10:31 AM

The SEC’s newest member is poised to become a pivotal vote on how the agency handles some big companies and cryptocurrency startups accused of breaking securities laws.

Republican Elad Roisman is now sitting on a four-member Securities and Exchange Commission that lost a Democrat earlier this year. The former Senate staffer has sided against a majority of commissioners on some corporate penalties, while joining most of them on enforcement actions involving cryptocurrency since taking office in September.

Roisman appears to have a more nuanced view on enforcement than Republican-leaning independent Chairman Jay Clayton and libertarian-minded Republican Commissioner Hester Peirce, who ...