SEC Head Schapiro Will Depart After Grueling 4 Years

Law360, New York (November 26, 2012, 1:51 PM EST) -- U.S. Securities and Exchange Commission Chairman Mary Schapiro announced Monday she will step down Dec. 14, capping a tumultuous four-year tenure that saw dramatic shifts in SEC enforcement and regulation after the 2008 financial crisis.

“It has been an incredibly rewarding experience to work with so many dedicated SEC staff who strive every day to protect investors and ensure our markets operate with integrity,” Schapiro said in a statement.

After the announcement, which was widely expected, President Barack Obama designated SEC Commissioner Elisse Walter as chairman...
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