Corporate Governance

The New Chair(wo)man of the SEC

By J. Robert Brown

Reports are floating around that the new chair of the SEC will be Mary Schapiro, a former chair of the CFTC and a former acting chair of the SEC.

She knows the SEC and the CFTC and from her current perch as CEO of FINRA, she knows regulated industries (read Madoff).

Of course, before she can be appointed chair, there will need to be a vacancy on the Commission.  Right now all five seats are full.  As a result, the next shoe to drop should be an official announcement that Chairman Cox is stepping down from the Commission. 

Full post as published by The Race to the Bottom on December 17, 2008 (boomark / email).