Mr. Aguilar served as a Commissioner at the U.S. Securities and Exchange Commission from July 31, 2008 to December 31, 2015. Commissioner Aguilar was confirmed to this post twice by the U.S. Senate. He was originally nominated by President George W. Bush and was renominated by President Barack Obama in 2011. Commissioner Aguilar became the eighth longest-serving Commissioner in SEC history, and was one of only three Commissioners to have been nominated by two U.S. Presidents from two different political parties. Commissioner Aguilar’s tenure started only a few weeks before the collapse of Lehman Brothers and the financial turmoil that followed and only a few months before one of the largest financial frauds in U. S. history – the Bernard Madoff Ponzi scheme – was exposed. Consequently, the Commission entered into one of the most transformational periods in its history. During Commissioner Aguilar’s service, the Commission underwent a significant internal restructuring by, among other things, creating a panoply of new Divisions and Offices, and substantially restructuring existing Divisions and Offices. In addition, the Commission entered one of its most active rulemaking periods, and promulgated or amended regulations that impacted almost all aspects of the capital markets.
Commissioner Aguilar worked to modernize the SEC’s rules to reflect the innovation and changes that had long transformed the capital markets. He was an early advocate for the importance of focusing on cybersecurity issues and led the effort to bring together public and private sector experts as part of the SEC’s first Cybersecurity Roundtable held in March 2014. He is a recognized leader in the nexus of cybersecurity, investor protection, and publicly traded companies.
Commissioner Aguilar is a member of the Board of Directors of Envestnet, Inc., a NYSE-traded company that is a leading provider of unified wealth management technology and services to investment advisors.
Prior to his appointment to the SEC Commission, Mr. Aguilar was active in both business and law. His law practice involved matters pertaining to general corporate and business law, international transactions, investment companies and investment advisers, securities law, and corporate finance. He also focused on issues related to corporate governance, public and private offerings (IPOs and secondary offerings), mergers and acquisitions, mutual funds, investment advisers, broker-dealers, and other aspects of federal and state securities laws and regulations.