President Bush intends to nominate two Democrats - attorney Luis A. Aguilar and securities regulator Elisse B. Walter - to join the three sitting Republicans as commissioners of the Securities and Exchange Commission.

The two, both former SEC staff attorneys, would have to be confirmed by the Senate after being formerly nominated by the president. But their confirmation should not be a problem because they were recommended for the SEC posts by key Senate Democrats.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.