Mary Schapiro to Head SEC

President-Elect Barack Obama is expected to announce Mary Schapiro to head the Securities and Exchange Commission.

The announcement is expected to come tomorrow during a news conference in Chicago.

Schapiro is currently the CEO of the Financial Industry Regulatory Authority, the largest non-governmental regulator for all securities firms doing business with Americans.

Last January 2008 President George W Bush appointed Schapiro to the President's Advisory Council on Financial Literacy, a panel promoting financial literacy in the United States. She is a director of Kraft Foods Inc.

--George Stephanopoulos

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