NEW YORK ( TheStreet) -- When Mary Schapiro was named chairwoman of the Securities and Exchange Commission last year, I was not bubbling over with enthusiasm.As the head of NASD, the self-regulatory body for the Nasdaq Stock Market, I felt she was excessively embedded in a system that had failed to adequately supervise brokerages, big and small. To me, her unsuitability for the job was epitomized by the way she appeared on the cover of penny-stock-promoting Equities magazine -- as I described in this blog post back in 2007.
Rich Bankers Laugh at $9 Million Woman
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