That deplorable state of affairs changed with Ms. Schapiro’s ascendancy. She replaced senior SEC staff, instilled agency employees with renewed enthusiasm and respect for the agency’s mission, reorganized and streamlined decades-old bureaucratic and administrative structures, and fostered a new (and deeper) sense of professionalism at every level.
The results were palpable…. But, as Ms. Schapiro departs the agency she ably led, happy days most assuredly are not here again. The many problems the SEC must deal with are fraught with complexity and irrationality. Danger lurks around every corner, including….
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