A wild ride: The major changes in the broker-dealer world since July 2008
Dec. 18: President-elect Barack Obama (above, left) says he will nominate Mary Schapiro (above), chief executive of the Financial Industry Regulatory Authority Inc., as chairman of the Securities and Exchange Commission. She takes office Jan. 27, 2009.
Dec. 31: In a filing with the SEC, LPL Financial says it will cut 10% of its work force, about 275 employees.