Troy A. Paredes was sworn in Friday afternoon as the newest commissioner of the Securities and Exchange Commission by SEC Chairman Christopher Cox.

Prior to his appointment, Paredes was a professor at Washington University School of Law in St. Louis, Mo., researching securities regulation and corporate governance.

He graduated from the University of California at Berkeley with a degree in economics in 1992 and from the Yale Law School in 1996.

"Commissioner Paredes brings extensive knowledge of securities regulation and corporate governance that will be of enormous help to the Commission's work to safeguard investors, maintain orderly markets, and encourage capital formation," Cox said. "I look forward to working with him and welcome his expertise as we move forward with a busy agenda at the SEC to help the American investor."

Paredes, a Republican, is the last of a wave of new appointments that include Democrats Elisse Walter and Luis Aguilar. The SEC is now back to full strength with five members, including Cox and Commissioner Kathleen Casey.

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