Bush Names Two Democrats to SEC

President Bush nominated two Democrats Friday to fill the remaining seats on the Securities and Exchange Commission, the market regulatory body.

The nominations for Roel Campos, currently an SEC commissioner, and Annette Nazareth, the SEC’s chief of market regulation, will be taken up by the Senate Banking Committee next week, MarketWatch reported.

Campos replaces outgoing Democrat commissioner Harvey Goldschmid, with whom he voted to require 75 percent of mutual fund directors to have no ties to management.

Nazareth, meanwhile, has been senior counsel to the chairman and a managing director of Salomon Smith Barney. She also has been a senior vice president of Lehman Brothers Inc.