Senate Dems Question Peirce's Record At SEC Nom Hearing

Law360 (July 21, 2020, 11:49 PM EDT) -- Sen. Elizabeth Warren, D-Mass., said Tuesday that she believed "it would be a mistake" to confirm SEC Commissioner Hester Peirce for another term because her record suggested she wasn't willing to take on "powerful interests" like the private equity industry.

Peirce is poised to retake her Republican seat on the commission while Caroline A. Crenshaw, senior counsel for the regulator, aims to fill the Democratic commissioner seat vacated by Robert Jackson earlier this year. Both went before the U.S. Senate's Committee on Banking, Housing and Urban Affairs on Tuesday in a virtual hearing that touched on topics from the SEC's response...

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