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SUNDAY, NOVEMBER 22, 2009
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NEWS ABOUT: Mary Schapiro

Mary Schapiro stories: 11 news summaries

 SEC Moves to Ban 
 Lightning-Fast Trading 

Flash orders let big investors buy and sell in milliseconds, harming slower traders

(Newser) - The SEC is seeking a ban on the financial technique known as flash orders, a controversial method in which powerful computers survey other investors' trades and adjust strategies within milliseconds to turn a profit. SEC head Mary Schapiro said that flash orders "may create a two-tiered market" since only... More »

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(Newser) - The SEC's inspector general says the agency had plenty of chances to take down Bernie Madoff and whiffed on every one, Bloomberg reports. In a report released today, H. David Kotz writes that the SEC received "detailed and substantive complaints over the years to warrant a thorough and comprehensive... More »

(Newser) - The heat is apparently getting to Tim Geithner. At a meeting last week with high-level financial regulators, the treasury secretary indulged in a potty-mouthed diatribe about delays in the administration's highly touted plan to overhaul the regulatory system, declaring, "enough is enough," the Wall Street Journal reports.... More »

New SEC Chair Stakes Out
Her Territory

Schapiro moving decisively to overhaul troubled agency

(Newser) - As soon as she took over the SEC, Mary Schapiro started making changes. She scrapped rules that had hindered investigators, hired a new enforcement director, and refocused regulators on high-profile financial crisis-related cases. “I wanted to be clear from my first day—not just with words, which are pretty... More »

Stung by Madoff, SEC Steps Up Pace, Triples Fraud Cases

Embarrassed committee gets aggressive with enforcement

(Newser) - Haunted by the failure to catch Bernie Madoff, the Securities and Exchange Commission is dramatically stepping up its investigation workload, reports the LA Times. Since February, the SEC has frozen the assets of 27 fraud suspects, compared to seven in the same period last year. “The clear message from... More »

New SEC Chief Moves Fast to Restore Agency

Schapiro fills openings, reverses Bush policies at battered regulator

(Newser) - New chairwoman Mary Schapiro isn’t wasting time making over the Securities and Exchange Commission, the New York Times reports, reversing several of her predecessor’s policies and filling key positions that have sat vacant for months. “I recognize that we could all be defined by what we missed... More »

 Schapiro Pledges to 
 'Reinvigorate' SEC 

Obama nominee wants better cooperation among agencies in nabbing next Madoff

(Newser) - Mary Schapiro, Barack Obama’s nominee to head the Securities and Exchange Commission, told senators today she would make enforcement a top priority, CNN reports. Her confirmation hearing was also peppered with questions about how Bernard Madoff’s Ponzi scheme slipped past regulators; Schapiro currently heads an industry watchdog group.... More »

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Critics Question Toughness of Obama's
SEC Pick

Confirmation hearing today for Schapiro

(Newser) - As Mary Schapiro, Barack Obama's nominee to lead the SEC, heads to Capitol Hill to face Senate confirmation hearings today, questions linger about her light touch with big Wall Street firms. A seasoned regulator, Schapiro nevertheless spent much of last year cracking down on small brokerages and minor players, reports... More »

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 Obama's SEC 
 Choice Faces 
 Questions 
 on Lawsuits 


Schapiro accused of making misleading statements about regulatory merger

(Newser) - Mary Schapiro, Barack Obama’s choice to lead the Securities and Exchange Commission, has been accused in two lawsuits of making misleading statements to rush through the 2-year-old merger of two regulatory agencies that resulted in a 57% pay hike for herself, the New York Times reports. Schapiro is to... More »

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 Obama Taps 
 Schapiro as 
 SEC Chair 

Schapiro brings a wealth of experience to her new position

(Newser) - Barack Obama named Mary Schapiro as chair of the beleaguered SEC today, the Wall Street Journal reports. Schapiro's hefty resume includes stints as an SEC commissioner under former presidents Reagan and Bush, and another as acting commissioner in 1993 by Bill Clinton. Since then, Schapiro served on and eventually headed... More »

Obama Picks First Woman
to Lead SEC

Veteran regulator
Mary Schapiro will
take over agency

(Newser) - Barack Obama has made his pick for a new leader of the SEC, currently under siege for its failure to detect the massive fraud of Bernard Madoff, the Wall Street Journal reports. Obama is expected to announce tomorrow that Mary Schapiro—a former commissioner of the Securities and Exchange Commission—... More »

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11 Stories