Resumes Of SEC Chief Hopefuls Offer Stark Choice

Law360, New York (November 29, 2012, 7:37 PM EST) -- A former Bank of America Corp. executive and the U.S. Securities and Exchange Commission's enforcement chief have emerged as front runners to lead the agency next year, presenting the White House with a difficult choice between a Wall Street insider and the industry's top cop, attorneys say.

The SEC is bracing for a shakeup after current chairman Mary Schapiro announced Monday she would step down on Dec. 14. President Barack Obama's immediate replacement will be SEC Commissioner Elisse Walter, who could leave before her term expires...
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