The turnover at the top of the Securities and Exchange Commission comes as the agency copes with challenges ranging from high-frequency trading and the regulation of the money market industry to the writing of many of the rules required by the Dodd-Frank Act. A Reuters story notes that another challenge is figuring out who will run the SEC over the long run. President Obama named SEC Commissioner Elisse Walter to replace the outgoing chairman, Mary Schapiro, but is expected to nominate a permanent successor before Walter’s term expires at the end of 2013. While Walter serves as chair, the commission will have two GOP voters and two Democratic voters, a split that could make it harder to pass key measures, Reuters notes.
Trading in currency options picks up after moves by the BOJ, ECB.
Delta apologizes for listing Taiwan and Tibet as countries on its website.
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