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« LINKS: Lawyer Convicted In $2 Billion Commodities Fraud | Main | Bloomberg Interview With Mary Schapiro »

Mary Schapiro Will Step Down As SEC Chairman

More details here:

Meet the New SEC Chairman Elisse Walter:


Elisse B. Walter (born April 14, 1950 in New York City[1]), was appointed by President George W. Bush to the U.S. Securities and Exchange Commission and was sworn in on July 9, 2008. Under designation by President Barack Obama, she served as Acting Chairman during January 2009.[2] Her term ends June 5, 2012.[3]


Walter attended Pembroke College at Brown University in 1967[1] and graduated from Yale University with a B.A., cum laude, in applied mathematics and received her J.D. degree, cum laude, from Harvard Law School.[2]

Walter holds a Democratic seat, succeeding Annette Nazareth, who left the commission in January 2008 to work in private practice. Walter was recommended for the commissioner position by Senate Majority Leader Harry M. Reid (D-Nev.) in 2007, along with fellow commissioner Luis A. Aguilar.[1] Her term on the commission ends June 5, 2012.[4]

Prior to her appointment as an SEC Commissioner, Ms. Walter served as Senior Executive Vice President, Regulatory Policy & Programs, for the Financial Industry Regulatory Authority (FINRA). She held the same position at National Association of Securities Dealers (NASD) before its 2007 consolidation with NYSE Member Regulation.

Ms. Walter coordinated policy issues across FINRA and oversaw a number of departments including Investment Company Regulation, Member Education and Training, Investor Education and Emerging Regulatory Issues. She also served on the Board of Directors of the FINRA Investor Education Foundation.

Prior to joining NASD, Ms. Walter served as the General Counsel of the Commodity Futures Trading Commission. Before joining the CFTC in 1994, Ms. Walter was the Deputy Director of the Division of Corporation Finance of the Securities and Exchange Commission. She served on the SEC's staff beginning in 1977, both in that Division and in the Office of the General Counsel. Before joining the SEC, Ms. Walter was an attorney with a private law firm.

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Reader Comments (12)

I got a job for incoming Elisse Walter right here...plaintiff's counsel is Glenn Russell (Ibanez\LaRace) and this is a knock-out suit in the MA SJC.

Jodi B. Matt v. HSBC et al (Securities Fraud Exposed)

Nov 26, 2012 at 6:22 PM | Unregistered Commenterchunga
Who will replace Schapiro?

Two names floated here, one of whom (Barofsky) believes fraud is a crime, the other who's already with the S.E.C.


Place your bets...
Nov 26, 2012 at 6:47 PM | Unregistered CommenterCheyenne
Chunga, glad to hear from you. Speaking of the Mass SJC, Barb (who is working on the new project here at the DB) has a little experience with them and I will point that out soon ;)
Nov 26, 2012 at 6:51 PM | Unregistered Commenterjohn
Hi, John, we have some catching up to do. Zero Hedge is reporting this Elisse Walter will be the new flak runner for SEC.

Nov 26, 2012 at 6:56 PM | Unregistered Commenterchunga
Thanks for the heads up Chunga.


'Walter's husband, Ronald A. Stern, serves as the chief anti-trust attorney for General Electric Co., making him the Washington-based vice president and senior competition counsel for the largest diversied financial company in the U.S.'
Nov 26, 2012 at 10:19 PM | Unregistered Commenterjohn
And the Culture of Corruption goes on

Schapiro's SEC successor likely to follow her lead


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Nov 27, 2012 at 3:27 AM | Unregistered CommenterLadyLiberty
I find her timing here very coincidental with Obama s newest "signing" directing actions that had something to do with "operatives" or, "agents" inside the US government. Could this be the zionist rats jumping ship?
Nov 27, 2012 at 10:07 AM | Unregistered CommenterJoe Mama
The timing of Schapiro's exit is far more likely related to her role as the director of the S.E.C.'s latest porno-drama, "Honey, I Blew the Whistleblower."


"David Kotz was fucking that lady," Noelle Maloney said of Ponzi victim Dr. Gay. This was after Kotz and Maloney had stained a makeshift bedspread of CDO files while copulating on a conference table.

Maloney had just replaced Kotz as Inspector General of the S.E.C., and Mary Schapiro, 34 29 40, fretted over the transition.

The Chairwoman slapped Kotz's head from between her slickened thighs.

"Jesus, David, not now," she barked. "This wouldn't be so bad if you hadn't fucked up Bernie's [Madoff's] case so many times."

"Fuck you, Mary, the guy confessed! Who the hell admits guilt to the payola DOJ?"

See generally http://www.rollingstone.com/politics/blogs/taibblog/sec-rocked-by-lurid-sex-and-corruption-lawsuit-20121119

The entire whistleblower complaint is here: http://www1.rollingstone.com/extras/Weber_complaint.pdf
Nov 27, 2012 at 11:31 AM | Registered CommenterCheyenne
Had forgotten that Taibbi story.
Nov 27, 2012 at 11:47 AM | Registered CommenterDailyBail
Yeah, it's easy to lose track of the S.E.C.'s sex capers. It's almost like that agency is paid not to do its job all day every day, and the void of work has been completely filled with kink. But what I can't understand is why everyone at the S.E.C. is a pervert. Can't we ever get a story about not pursuing fraud due to degenerate gambling or dope addictions? Is diversity a bad word now?
Nov 27, 2012 at 12:13 PM | Unregistered CommenterCheyenne
SEC? Who the f@ck cares! When dreaming that the SEC is anything more than window dressing to calm the working Sheeple as the Wall St. thieves steal the Sheeple's "retirement," think about one thing:


All else is just noise. New Chairman(woman), educational backgrounds and experience, # of actions, "engagements," etc...just noise...there were, are and will be many Harvard lawyers running around the SEC, while it exists, but so what.


The SEC was given ole Bernie on a platter not once, but 3 (T-H-R-E-E!) times by an obscure, somewhat nutty Greek math geek working for a reputable Boston-based research firm. What did the SEC Harvard lawyers do? Close the file(s)! Why? if you believe them, it was because of miscommunication/jealousy between tyhe NYC and Boston offices. Really!?


The SEC = N-O-I-S-E! It's nothing but Page 6 crap that our illiterate populace finds somewhat titillating...
Nov 27, 2012 at 12:16 PM | Unregistered CommenterJosie
She never was much of a mouser, but now the cat's away- watch out!
Nov 27, 2012 at 4:37 PM | Unregistered CommenterRobert

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