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.
‘Enforcement 40’ for 2020
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