Mary Schapiro, the chairwoman of the Securities and Exchange Commission, is expected on Monday to announce she is stepping down from her post, the New York Times reports:
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.
The move, which follows a bruising, four-year tenure, was widely telegraphed. Ms. Schapiro, 57, has confided in staff members for more than a year that she was exhausted and hoped to leave after the November elections.