She became a partner in the firm in 1980, but resigned in 1984 to accept an appointment as the commissioner of the SEC under President Ronald Reagan.
When Reagan's term ended, so did Peters', and she returned to Gibson, Dunn & Crutcher in 1988, where she remained until her retirement in 2000.
She was formerly a board member of Merrill Lynch and the public television station KCET,[citation needed].
[9] Peters was appointed to the International Public Interest Oversight Board for Auditing, Education and Professional Ethics Standards in 2005 and held that role until 2012.
[10] In 2003, the Association of Securities and Exchange Commission Alumni named her the recipient of the William O. Douglas Award.