NEW YORK ( TheStreet) -- Securities and Exchange Chairman Mary Schapiro has received some stinging criticism during her tenure, including from me , but David Ruder, a Northwestern University law professor who was in charge of the Commission from 1987-89, leapt to her defense in a recent interview. When asked if Ruder had any criticism of Schapiro, he replied "Hardly. She has been exceedingly active and positive in her entire approach. She has caused the Commission to be reorganized. She's caused a reorganization in the enforcement staff. She has made an effort to bring financial people and economists into the commission. She's been very cooperative in the banking regulation part of the Dodd Frank matters. Even with very limited resources, she has caused the Commission to promulgate an enormous number of rules that are required to be adopted under Dodd Frank."
|Former SEC Chairman David Ruder|