Statement on the Senate Confirmation of David S. Ruder as Chairman of the Securities and Exchange Commission
The Senate's confirmation today of David S. Ruder, whom I have appointed as Chairman of the Securities and Exchange Commission, puts one of the most knowledgeable securities law experts in the country at the helm of this important agency. David Ruder is the right man at the right time for this key post.
budget I submitted to the Congress contains a request for increased funding for
SEC enforcement work. I know that Chairman Ruder shares my view that continued
vigilant efforts to enforce the securities antifraud laws are necessary to
combat insider trading and maintain investor confidence in the Nation's
securities markets. Under his leadership, we can expect the Commission will
continue with that essential role. I am also confident that Chairman Ruder will
continue the efforts of the Commission to minimize the regulatory burden of the
securities laws, ensuring that
David Ruder's more than 25 years' experience in securities regulation and corporation finance assures the SEC of a steady hand as it continues its work of facilitating and improving the operation of our capital markets. We are fortunate that such a distinguished securities regulation expert -- whose career as law school dean, educator, lawyer in private practice, lecturer, and author has for so long been devoted to this field -- is now willing to serve his nation in this essential leadership role for which he is so well qualified.