Schapiro’s Ambitious,Troubled Reign at SEC: ‘Boxed In by the Three C’s’

Admirers and critics agree Schapiro rescued the agency from the threat of extinction when she was appointed by President Barack Obama four years ago. Still, she hasn’t fulfilled her mission — to overcome the SEC’s image as a failed watchdog by punishing those who steered the financial system toward disaster and by proving regulators can head off future breakdowns….

In the view of some in the securities industry, Schapiro has been a balanced overseer. R. Cromwell Coulson, chief executive officer of New York-based OTC Markets Group Inc., said she did a good job dealing with events outside her control. “She had the three C’s — a crisis, Congress and the courts — really boxing in her tenure,” Coulson said.

via Schapiro’s Ambitious,Troubled Reign at SEC: ‘Boxed In by the Three C’s’ – Businessweek.

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One response to “Schapiro’s Ambitious,Troubled Reign at SEC: ‘Boxed In by the Three C’s’”

  1. Glad one male was “man” enough to tell it like it is (Cromwell Coulson). Am surprised Levitt wasn’t a little more supportive, actually.He’s the one who cut the backroom deal with Bear Stearns over the AR Baron bucket shop problems.

    Truly too bad Aguilar, Paredes, and Gallagher are intimidated by women who are far superior to them in every aspect (intelligence, empathy, legal skills, work ethic, and backbone).

    Schapiro’s the best Chairman the Commission has ever had or perhaps will ever have. She inherited a mess beyond imagine.