Securities and Exchange Commissioner Elisse Walter was formally sworn in yesterday by SEC chairman Christopher Cox, about a two weeks after the Senate cleared her and two other nominees to serve on the five-member commission.

Walter, a Democrat, succeeds Annette Nazareth, who stepped down from the SEC in February. Previously, Walter was the senior executive vice president of the Financial Industry Regulatory Authority. Before that, she worked for about 17 years on the SEC’s staff and had a hand in writing the municipal market’s secondary market disclosure rules.

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