The new head of the Securities and Exchange Commission will have her hands full in 2009: multiple contentious rulemaking projects, possibly consolidating the SEC with other government agencies, and a slipshod enforcement division that let the largest Ponzi scheme in history strike thousands of investors.
By most accounts, Mary Schapiro is well-prepared for the challenge.
Schapiro
Nominated last month by President-elect Barack Obama, Schapiro has an impressive range of experience. Currently CEO of the Financial Industry Regulatory Authority, she was also an SEC commissioner in the 1990s and chairwoman of the Commodity Futures Trading Commission. Industry observers say that sort of ...