Mary Shapiro to Step Down as Head of the S.E.C.

Representing Investors Nationwide


According to an article in today’s New York Times Mary L. Schapiro to Announce She Will Step Down as Head of S.E.C.

Here is an excerpt from the article:

Mary L. Schapiro, who overhauled the Securities and Exchange Commission after the financial crisis, is expected to announce on Monday that she is stepping down as chairwoman of the agency, according to two Obama administration officials briefed on the matter who were not authorized to speak publicly.


In recent days, the S.E.C. informed the White House and Treasury Department that Ms. Schapiro planned to leave next month, becoming the first major departure from the Obama administration’s team of financial regulators. Ms. Schapiro will also relinquish her position as one of the five members of the agency’s commission, the group that oversees Wall Street and the broader financial markets.