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Q & A: MARY SCHAPIRO: In the Eye of the Storm

By: Collins, Daniel P. | Futures (Cedar Falls, IA), August 2011 | Article details

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Q & A: MARY SCHAPIRO: In the Eye of the Storm


Collins, Daniel P., Futures (Cedar Falls, IA)


At the beginning of 2009 the Securities and Exchange Commission (SEC) faced enormous challenges. Errtbafrassing revelations regarding its failure with the Bernie MadofT scandal were coming to light as the unraveling credit crisis assured chat its next chairman would oversee a regulatory overhaul not seen since the Great Depression. The chairman would need vast experience and the ability to work well across the aisle and with fellow regulators. Maty Schapiro was a logical choice. She served as an SEC commissioner from 1988-1994, including a brief stint as acting chairman, before being named chairman of the Commodity Futures Trading Commision (CFTC) in 1994. She left the CFTC to become …

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