President Obama nominated Kara M. Stein and Michael S. Piwowar to serve as commissioners of the SEC. Stein currently is a legal counsel and senior policy adviser for Senator Jack Reed (D-RI) and, if confirmed, will replace Elisse B. Walter. Piwowar currently is a chief economist on the Senate Banking Committee, and previously served as an economist and visiting scholar at the SEC. Piwowar, if confirmed, will replace Troy A. Paredes.

Source: President Obama Announces More Key Administration Posts, The White House Press Release (May 23, 2013).