Release Date: November 26, 2012

Contact: Andrew DeSouza, 202.962.7390, adesouza@sifma.org 

SIFMA Statement on Resignation of SEC Chairman Mary Schapiro 

Washington, DC, November 26, 2012—SIFMA today released the following statement from President and CEO Tim Ryan after Securities and Exchange Commission Chairman Mary Schapiro announced she will leave the agency in December.

“Chairman Schapiro has worked tirelessly during her tenure at the SEC to tackle difficult challenges and work through a massive rulemaking effort mandated by Dodd-Frank. She has been an effective steward of an agency that plays a key role in regulating our financial markets and has been actively engaged to ensure rules are written that strengthen and protect our markets and investors active in them while not stifling market activity, capital formation, and economic growth. We wish her well in her next pursuit.

“Additionally, we look forward to working with new Chairman Elisse Walter as the Commission and the industry continue to move forward on important market and regulatory issues.”

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 The Securities Industry and Financial Markets Association (SIFMA) brings together the shared interests of hundreds of securities firms, banks and asset managers. SIFMA's mission is to support a strong financial industry, investor opportunity, capital formation, job creation and economic growth, while building trust and confidence in the financial markets. SIFMA, with offices in New York and Washington, D.C., is the U.S. regional member of the Global Financial Markets Association (GFMA). For more information, visit http://www.sifma.org.