Politics

Report: Warren Aide In Running for SEC Vacancy

Bharat Ramamurti is senator’s senior counsel on banking and economic policy

Sen. Elizabeth Warren, D-Mass., confers with aide Bharat Ramamurti during a Banking Committee hearing. Ramamurti is being considered for a position with the Securities Exchange Commission, Reuters reported. (Tom Williams/CQ Roll Call file photo)

A legislative aide to liberal favorite Sen. Elizabeth Warren is in the running to fill one of the vacancies on the Securities and Exchange Commission according to a report.

Bharat R. Ramamurti is Warren’s senior counsel on banking and economic policy, and assisted during the investigation of Wells Fargo’s creation of fake accounts.

Warren is staunchly backing Ramamurti for the job, one of the sources told Reuters. Ramamurti declined to comment to the news agency.

Currently there are three vacancies on the commission. A majority on the Banking Committee voted for President Donald Trump's nominee, Jay Clayton, but Clayton has not received a full floor vote.

There are currently only two members on the commission, Acting Chairman Michael Piwowar, who is a Republican, and Kara Stein, a Democrat.

Trump has yet to formally nominate anyone to fill the other two vacancies.

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