Reply #4: Obama to name Mary Schapiro as SEC chief

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President-elect Barack Obama is set to name a veteran financial regulator to head the Securities and Exchange Commission, two Democratic officials told CNN on Wednesday.

Mary Schapiro is currently chief executive of the Financial Industry Regulatory Authority, the largest non-government regulator for securities firms that do business with the U.S. public.

As SEC head, she would replace Christopher Cox as chair of the nation's main watchdog over publicly traded companies when the new administration takes office in January.

The appointment is subject to approval by the Senate.


http://biz.yahoo.com/cnnm/081217/121708_schapiro_sec.html?.v=1