Politics
Obama to Tap Mary Schapiro to Head SEC
By Nedra Pickler
CHICAGO -- A Democratic official says President-elect Barack Obama has chosen Mary Schapiro to head the Securities and Exchange Commission, turning to a veteran of the agency to try to revitalize it. Schapiro is currently the head of the Financial Industry Regulatory Authority, the largest non-governmental regulator for securities firms doing business with the public. Before that, she served as chairman of the Commodities Futures Trading Commission and six years as a member of the SEC. The SEC has been criticized in recent months for failing to detect signs that major Wall Street banks were in trouble. The financial losses suffered by lending institutions have played a significant role in the current economic crisis.>To order reprints of this article, click here: ReprintsTo begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
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| 12,393.45 | 1,310.33 | 2,827.34 | 15.81 |
Oil *
101.78
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DOWN
26.41 |
DOWN
2.99 |
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10.02 |
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0.44 |
10 Yr
1.58%
SPDR Gold
151.62
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-0.21%
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-0.23%
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-0.35%
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-2.71%
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