{"id":1160,"date":"2012-11-27T22:16:50","date_gmt":"2012-11-27T22:16:50","guid":{"rendered":"https:\/\/www.stockbrokerfraudblog.com\/2012\/11\/sec_chairwoman_mary_schapiro_t"},"modified":"2022-03-09T16:32:01","modified_gmt":"2022-03-09T22:32:01","slug":"sec-chairwoman-mary-schapiro-t","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/sec-chairwoman-mary-schapiro-t\/","title":{"rendered":"SEC Chairwoman Mary Schapiro to Leave Job"},"content":{"rendered":"

\t\t\t\tSEC Chairwoman Mary Schapiro announced this week that she plans to vacate the position on December 14. According to The New York Times, she leaves behind a stronger SEC that underwent an overhaul because of her focus on “detail and meticulous preparation.” <\/p>\n

Schapiro became SEC chairwoman following the tenure of former SEC chairman Christopher Cox. Following her appointment in 2009, Schapiro, who is the first woman to serve as SEC head, revamped the agency’s management and obtained it more Congressional funding (an approximately 50% budget bump). She also has been credited with reviving the enforcement unit, speeding up the investigative process by eliminating a policy mandating that enforcement attorneys get the SEC’s permission before they can begin a probe, getting the enforcement division to combine over 70 tip lines into one, and selecting former federal prosecutor Robert Khuzami to head up the unit. Also, in just the last two years of her tenure, the SEC’s enforcement division has filed a record number of enforcement actions against firms and individuals, even winning a securities fraud<\/a> case against Goldman Sachs (GS) that required the firm to pay a $550 million fine. <\/p>\n

Commenting on Schapiro’s departure, Shepherd Smith Edwards Kantas founder and stockbroker fraud lawyer William Shepherd <\/a>said: “Any credit given Ms. Schapiro can only be as a comparison to her deplorable predecessor. She has been an instrument of the investment community her entire career. Proof of this lies a single statistic: Her SEC filed actions against 129 people and firms tied to the financial crisis \u2013 yet no top banking official was ever named.” <\/p>\n

Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"

SEC Chairwoman Mary Schapiro announced this week that she plans to vacate the position on December 14. According to The New York Times, she leaves behind a stronger SEC that underwent an overhaul because of her focus on “detail and meticulous preparation.” Schapiro became SEC chairwoman following the tenure of former SEC chairman Christopher Cox. […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3801],"tags":[],"class_list":["post-1160","post","type-post","status-publish","format-standard","hentry","category-sec"],"yoast_head":"\nSEC Chairwoman Mary Schapiro to Leave Job — Investor Lawyers Blog — November 27, 2012<\/title>\n<meta name=\"description\" content=\"SEC Chairwoman Mary Schapiro announced this week that she plans to vacate the position on December 14. 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