Last week, Securities and Exchange Commission Chairman Mary Schapiro announced that she was leaving the agency in December. Today, another key regulator, Division of Corporation Finance Director Meredith Cross, also announced her imminent departure.
Cross, who has served as the Division’s director since June 2009, will leave the SEC at the end of the year to return to the private sector. The Division of Corporation Finance oversees the disclosures made to investors by more than 9,000 public issuers.
