Updated Tuesday, September 30, 2014 as of 2:05 PM ET

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Walter Steps Out of Schapiro Shadow Into SEC Chairmanship

Robert Schmidt

Elisse Walter, who has spent the past four years as Securities and Exchange Commission Chairman Mary Schapiros closest confidant and behind-the-scenes adviser, will soon step into the spotlight that she has mostly shunned in trying to help her close friend succeed.

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