Senator Vitter plans to block SEC nominees

Reuters News
Posted: Jun 14, 2011 12:33 PM
Senator Vitter plans to block SEC nominees

WASHINGTON (Reuters) - Senator David Vitter plans to at least temporarily block the confirmation of two nominees to the Securities and Exchange Commission, his office said on Tuesday.

Vitter is concerned with the agency's handling of Texas financier Allen Stanford's alleged Ponzi scheme.

Once the SEC issues a recommendation on the coverage of claims of Stanford's alleged victims, Vitter would release his hold on SEC nominees Luis Aguilar and Daniel Gallagher, his office said.

(Reporting by Dave Clarke and Sarah N. Lynch, Editing by Maureen Bavdek)