Mary Schapiro
Mary Schapiro
Mary L. Schapiroserved as the 29th Chair of the U.S. Securities and Exchange Commission. She was appointed by President Barack Obama, unanimously confirmed by the U.S. Senate, and assumed the Chairship on January 27, 2009. She is the first woman to be the permanent Chair of the SEC. In 2009, Forbes ranked her the 56th most powerful woman in the world...
NationalityAmerican
ProfessionPublic Servant
Date of Birth19 June 1955
CountryUnited States of America
ask earthquake european japan morning newspaper pick question staff
Every morning when I pick up the newspaper and read about an earthquake in Japan or problems in European financial institutions, the first question I ask our staff is 'What is money-market-fund exposure?'
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Fee-based accounts can be appropriate for a wide range of customers,
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Oppenheimer's failure to fully and accurately report municipal bond transactions deprived the investing public and market participants of critical information.
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It is certainly a crime with a victim when people who have the right to expect that they are doing business with honorable and reputable people who will be duly licensed find out that they are not.
markets
I don't feel any pressure at all to go along with anybody. I feel pressure to do the right thing for U.S. markets and U.S. investors.
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Securities firms that sell variable life insurance products must ensure that they are appropriate for particular investors and that brokers do not mislead their customers about the nature of these products,
corporate needs program sends
When the SEC needs to be deterring corporate wrongdoing, the 'penalty pilot' program sends the wrong message.
clearly detail duty entertainment interfere lays
There is a lot more detail now around our expectations. This lays out clearly that entertainment should not interfere with duty to the customer.
absolutes deceive people senior
There are no absolutes in this world, and there will always be mistakes that are made within brokerage firms; there will always be people who set out to deceive the regulators and even deceive their own senior management.
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We have new rules that give shareholders the ability to vote on executive compensation. We have new rules for asset-backed securities. We have new rules around credit rating agencies.
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This initiative started with our disciplinary action against First Command Financial Planning. We and our partners want to make sure that that sort of thing never happens again. We believe the Military Financial Education Program will move us a long way toward that end.
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It has been an incredibly rewarding experience to work with so many dedicated SEC staff who strive every day to protect investors and ensure our markets operate with integrity.
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I came in with the intention of serving as long as it made sense for me to do so. The election was a natural moment to think about whether I wanted to stay longer, and I'm thrilled to turn the reins over to my longtime colleague Elisse Walter.
writing thinking agency
The SEC got more than 100 rules to write under Dodd-Frank, the lion's share of all the agencies. And we've moved, I think, with a tremendous sense of urgency. But it takes a long time to write rules and get them approved by a five-member commission.