President Barack Obama plans to nominate Daniel Gallagher, a Republican, and Luis Aguilar, a Democrat, as commissioners at the U.S. Securities and Exchange Commission.
Aguliar has served as an SEC commissioner since 2008 and has continued to serve even though his term expired in 2010.
Gallagher is a partner at Wilmer Cutler Pickering Hale and Dorr LLP, but worked at the SEC from 2006 through 2010.
Prior to going to the firm, Gallagher served as a deputy director of the SEC’s Division of Trading and Markets and as Co-Acting Director of the Division from April 2009 to January 2010. That division is in charge of writing many for the rules for the Dodd-Frank financial regulatory overhaul law. Gallagher earned a B.A. from Georgetown University and a J.D. from the Catholic University of America.
Prior to being appointed as an SEC commissioner, Aguilar was a partner at McKenna Long & Aldridge, LLP, specializing in securities law. He previously served as general counsel, executive vice president, and corporate secretary of INVESCO. His career also includes tenure as a partner at several national law firms and as an attorney at the U.S. Securities and Exchange Commission. He received a J.D. from the University of Georgia School of Law, and also received a master of laws degree in taxation from Emory University
