Mary Schapiro to Be Replaced By Elisse Walter as Head of SEC
President Obama has chosen Elise Walter to temporarily head the Securities and Exchange Commission (SEC) when Mary Schapiro steps down next month. With Mary Schapiro leaving and Walter, a current commissioner stepping up, the SEC will be run by only one acting chairman and two other commissioners. This means that the already delayed rule making for both the Dodd-Frank Wall Street Reform Act and the Jumpstart our Business Startups Act (JOBS) are likely to be further delayed.
The already taxed SEC will be headed by a small and temporary team. Accordingly, it is the popular belief among experts that rule making will continue at a snail’s pace and that no major reform or policy changes should be expected.
Ms. Walter was originally appointed to the SEC by President George W. Bush in 2008 and has worked alongside Mary Schapiro both at the SEC and FINRA prior to both joining the SEC. Moreover, Walter served as acting chairman after the departure of Christopher Cos in 2009, and so is familiar with the position. She will stay in office until December 2013 when Obama will need to nominate a permanent new chief of the regulatory body.
Attorney Laura Anthony,
Founding Partner, Legal & Compliance, LLC
Securities, Reverse Merger and Corporate Attorneys
Securities attorney Laura Anthony provides ongoing corporate counsel to small and mid-size public companies as well as private companies intending to go public on the over-the-counter market, including the OTCBB and OTCQB. For nearly two decades, Ms. Anthony has dedicated her securities law practice to being “the big firm alternative.” Clients receive fast and efficient cutting-edge legal service without the inherent delays and unnecessary expense of “partner-heavy” securities law firms.
Ms. Anthony’s focus includes, but is not limited to, crowdfunding, registration statements, PIPE transactions, private placements, reverse mergers, and compliance with the reporting requirements of the Securities Exchange Act of 1934, including Forms 10-Q, 10-K and 8-K, as well as the proxy requirements of Section 14. Moreover, Ms. Anthony represents both target and acquiring companies in reverse mergers and forward mergers, including the preparation of deal documents such as Merger Agreements, Stock Purchase Agreements, Asset Purchase Agreements and Reorganization Agreements. Ms. Anthony prepares the necessary documentation and assists in completing the requirements of federal and state securities laws and SROs such as FINRA and DTC for corporate changes such as name changes, reverse and forward splits and change of domicile.
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