Obama Eyes Stability With Choice Of New SEC Head

Law360, New York (November 27, 2012, 7:39 PM EST) -- By choosing top U.S. Securities and Exchange Commission official Elisse Walter to replace departing Chairman Mary Schapiro, President Barack Obama avoided a messy leadership shakeup and maintained a healthy status quo at the agency for now, attorneys say.

The White House announced Monday that Walter, a current SEC commissioner and career regulator, would replace Schapiro on an interim basis when she steps down Dec. 14 after a rocky four-year term.

Mary J. Miller, a top Treasury Department official, SEC Director of Enforcement Robert Khuzami, Financial Industry...
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