SEC nominees could speed agency's overhaul of rules

Three nominees to the Securities and Exchange Commission said they favored revisiting the controversy over whether to make it easier for shareholders to put board nominees on proxy ballots. Atlanta lawyer Luis Aguilar, Financial Industry Regulatory Authority Senior Executive Elisse Walter and Troy Paredes, a professor at Washington University in St. Louis, also told the Senate Banking Committee they favor tougher rules for credit-rating firms and a crackdown on potential conflicts. Confirmation of the Republican and two Democrats could speed up an SEC overhaul of its rules.

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