Chairwoman Mary Jo White said last month she will step down as President-elect Donald Trump enters the Oval Office. Following her announcement, four division directors said they will soon depart as well.
The exodus will leave Republican Commissioner Michael Piwowar, Democratic Commissioner Kara Stein and several acting division heads guiding the SEC in the new year — perhaps for as many as six months while two commissioners and a chair are nominated and confirmed by the Senate.
Mr. Piwowar likely will be named acting chairman.
via SEC to have skeleton crew in first half of 2017 — InvestmentNews
