President-elect Barack Obama has named regulatory veteran Mary Schapiro to lead the Securities and Exchange Commission after he takes office next month.

Schapiro, 53, has been in key regulatory positions for 20 years, serving as an SEC commissioner under three presidents from 1988 to 1994. In 1994, she was appointed to lead the Commodity Futures Trading Commission (CFTC). She joined the National Association of Securities Dealers in 1996 and quickly rose to lead the NASD, overseeing its merger with the New York Stock Exchange’s regulatory unit to create the Financial Industry Regulatory Authority (FINRA) in 2007.

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