Updated Wednesday, May 22, 2013 as of 12:10 PM ET
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Schapiro to Quit as SEC Chairman and Be Replaced by Walter
Joshua Gallu, Robert Schmidt and Jesse Hamilton
Schapiro, 57, will be replaced as chairman when she steps down on Dec. 14 by Commissioner Elisse Walter, former senior executive vice president at the Financial Industry Regulatory Authority, President Obama said in a statement.
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