On Wednesday, February 22, Mary Schapiro, Chairman of the SEC, joined the Monitor Breakfast for a conversation with reporters."
Mary L. Schapiro served as the 29th chairman of the U.S. Securities and
Exchange Commission—the first woman to serve as the agency’s permanent chairman. During her 2009-12 tenure, the SEC brought a record number of enforcement actions; pursued scores of individuals and entities in connection with the financial crisis; bolstered
the resilience of U.S. equity market structure and reduced the likelihood of another “flash crash”; presided over one of the busiest rulemaking agendas in its history; obtained significant responsibilities for derivatives, hedge funds and credit rating agencies as a result of financial reform legislation; and underwent a comprehensive restructuring to become more effective in its investor protection mission. Prior to becoming SEC chairman, Schapiro was CEO of the Financial Industry Regulatory Authority (FINRA), and served as a director on the boards of Kraft Foods and Duke Energy.
After detailing the financial regulatory changes undertaken in the aftermath of the 2010 "flash crash," where equity markets collapsed with no provocation, SEC Chairman Mary Schapiro discusses potential future changes to prevent such a crash from happening again.
Speaking to reporters at a breakfast sponsored by the Christian Science Monitor, SEC Chairman Mary Schapiro says the STOCK Act, laying more prohibitions on stock trading by members of Congress, is a positive development for the country. Schapiro also explains how social media has become a complicating factor in insider trading investigations.
Speaking to reporters at a breakfast sponsored by the Christian Science Monitor, SEC Chairman Mary Schapiro lays out her main concerns about the global financial system -- namely, weaknesses to money market funds and underlying structural problems with equity markets.
Speaking to reporters at a breakfast sponsored by the Christian Science Monitor, SEC Chairman Mary Schapiro explains why there is so much oversight and trading enforcement of the same big financial firms. "People have short memories," says Schapiro, "and that's why we have to continue to bring cases."