Three officials from the Securities and Exchange Commission announced plans to leave the agency after former Chairman Mary Schapiro said she was on her way out. Robert Cook, director of the division of trading and markets, Meredith Cross, head of the division of corporation finance, and General Counsel Mark Cahn will leave the agency.

Independent broker/dealer LPL Financial has tapped Victor Fetter (pictured) as its new chief information officer and managing director of its Business Technology Services unit. Fetter, previously a vice president and chief information officer of Dell online, is taking over for Chris Feeney, who will retire after five years with the firm.

The Financial Services Institute has elected three new directors to its board for 2013: David Stringer (pictured), president of Prospera Financial Services; Stephen Chipman, president and CEO of Foothill Securities; and Dick Lampen, president and CEO of Ladenburg Thalmann Financial Services. Larry Roth, CEO of Advisor Group, was also elected as the new chair of the board.