[cnn-photo-caption image= http://i2.cdn.turner.com/cnn/2008/POLITICS/12/18/transition.wrap/art.schapiro.cabinet.cnn.jpg caption="President-elect Barack Obama announced his pick to head the SEC Thursday."]
CHICAGO, Illinois (CNN) - President-elect Barack Obama on Thursday announced Mary Schapiro as his nominee to chair the Securities and Exchange Commission.
Schapiro is CEO of the Financial Industry Regulatory Authority, the largest nongovernment regulator for all securities firms doing business with the U.S. public. She is a former SEC commissioner and served as chair of the Commodity Futures Trading Commission in 1994 during the Clinton administration.
Obama also announced two more nominees for financial regulator positions.
Gary Gensler is Obama's nominee for the U.S. Commodity Futures Trading Commission, and Dan Tarullo has been tapped to fill one of the vacancies on the board of the Federal Reserve.