President-elect Barack Obama has chosen Mary Schapiro, CEO of FINRA, to be the next chairperson of the SEC, the WSJ reports tonight. The announcement is expected Thursday in Chicago.
Ms. Schapiro, 53, is a former SEC commissioner (1988-1993), as well as a former chairman of the National Association of Securities Dealers. In addition, she served in the Clinton administration in 1994 as chairman of the Commodity Futures Trading Commission.
The NY Times notes that while her appointment is not a Cabinet-level position, she still faces confirmation by the Senate.