Aguilar, a Democrat whose practice focused on public and private offerings, mutual funds, investment advisers, broker-dealers, corporate governance, and other areas of federal and state securities laws and rules, replaces Roel Campos and will serve a term that expires June 5, 2010.
Aguilar served as an SEC staff attorney from April 1979 to January 1982.
"The wealth of talent and experience that Commissioner Aguilar brings to the Commission will be invaluable as we move forward with our busy agenda to further enhance investor protections, facilitate capital formation in our economy, and improve financial markets regulation, said Chairman Christopher Cox. It is a pleasure to welcome him back to the SEC."
Aguilar is one of three new SEC members. Elisse Walter, a Democrat and former senior executive vice president of the Financial Industry Regulatory Authority, came aboard July 9. Troy Paredes, a Republican and securities professor at Washington University in St. Louis, is expected to be sworn in at the end of this month.
He obtained his bachelor's degree from Georgia Southern University in 1976, his law degree from the University of Georgia in 1979, and a master of laws degree in taxation from Emory University in 1985.