Governor Tom Corbett today announced that he is nominating three new members to the Pennsylvania Securities Commission. These are,
-- Former Pennsylvania Supreme Court Justice Sandra Schultz Newman. -- Allegheny County Councilman Vincent J. Gastgeb. -- Paul McMillen, president of the Pennsylvania Automotive Association Foundation.
Once confirmed by the state Senate, these nominees will replace the commission’s current members, whose terms have expired.
The Pennsylvania Securities Commission works to protect the public from deceptive practices in connection with offers, sales, and purchases of securities in Pennsylvania while encouraging availability of equity and debt financing to legitimate businesses and industries in or affecting the state. It administers and enforces rules and regulations under the Securities Act of 1972, the Takeover Disclosure Law of 1976, and subsequent amendments to those laws.
The commission collaborates with similar organizations established by other states, along with the federal government and other nations. Find the commission online at www.psc.state.pa.us.