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Michael Piwowar

In May 2013, President Barack Obama nominated Dr. Michael Piwowar to serve as a Republican on the Securities and Exchange Commission replacing Troy Paredes.[1] He started at the agency in August 2013 and his term lasts until 2018.

Piwowar has said he is one of only three trained economists to serve as an SEC commissioner, a rarity for a position dominated by lawyers.[2] After graduating with a Ph.D from Penn State University, Piwowar taught at Iowa State University. In 2008 to 2009, Piwowar served in the president's Council of Economic Advisers. Then he moved to the Senate, where he was a staffer for Republican Senators Mike Crapo and Richard Shelby. Like his Democratic colleague at the SEC, Kara Stein who was also a Senate staffer, Piwowar helped write the 2010 Dodd-Frank Act.

During his time at the SEC, Piwowar has joined with his colleague and senior Republican Daniel Gallagher in dissenting to some of the agency's rules and enforcement actions.[3] Piwowar has asked to observe meetings of Washington's super-regulator, the Financial Stability Oversight Council (FSOC), and criticized it as "unaccountable capital markets death panel" that lacks transparency.[4][5]


  1. ^ "President Obama Announces More Key Administration Posts". Retrieved 26 April 2015. 
  2. ^ Piwowar, Michael. "Remarks to the Securities Enforcement Forum 2014". Retrieved 26 April 2015. 
  3. ^ "Dissenting From an SEC Windfall For Lawyers". The Wall Street Journal. November 10, 2014. Retrieved 26 April 2015. 
  4. ^ ElBoghdady, Dina (January 27, 2014). "SEC’s turf threatened, Commissioner Michael Piwowar says". The Washington Post. Retrieved 26 April 2015. 
  5. ^ Piwowar, Michael (July 15, 2014). "Remarks at AEI Conference on Financial Stability". Retrieved 26 April 2015. 
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