Securities and Exchange Commission Chair Mary L. Schapiro will step down on Dec. 14, the commission announced Monday.

Schapiro became chair of the SEC in the wake of the financial crisis in January 2009. The commission said in a statement released Monday that she “strengthened, reformed, and revitalized the agency” during her tenure as she managed a “rigorous enforcement and examination program, and shaped new rules by which Wall Street must play.”

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