This undated handout photo provided by the Securities and Exchange Commission (SEC) shows SEC member Elisse Walter. President Barack Obama has chosen Walter, one of five members of the

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This undated handout photo provided by the Securities and Exchange Commission (SEC) shows SEC member Elisse Walter. President Barack Obama has chosen Walter, one of five members of the Securities and Exchange Commission, to lead the agency after Chairman Mary Schapiro leaves next month. (AP Photo/SEC) less