Mary Schapiro Stepping Down as SEC Chief

Effective December 14, she announced today


The head of the Securities and Exchange Commission, Mary Schapiro, announced on Monday she will step down from the agency on December 14.

Speculation had swirled for months that Schapiro would leave soon after the November presidential election. The announcement marks one of the first departures of President Barack Obama's financial regulation team in the aftermath of the election.