What keeps SEC Chair Schapiro up at night? Money market funds, market structure
Complete video at: fora.tv Calling out weaknesses to money market funds and underlying structural problems with equity markets, SEC Chairman Mary Schapiro laid out her main concerns about global financial markets at a breakfast sponsored by The Christian Science Monitor in Washington, DC —– On Wednesday, February 22, Mary Schapiro, Chairman of the SEC, joined the Monitor Breakfast for a conversation with reporters. Mary L. Schapiro is the 29th chairman of the US Securities and Exchange Commission (SEC). She is the immediate past chairman and CEO of the Financial Industry Regulatory Authority (FINRA), the securities industry self-regulatory organization for broker-dealers and exchanges in the United States, and served in various roles as a financial services regulator in the administrations of Bill Clinton, George HW Bush, and Ronald Reagan. She is the first woman to chair the SEC. In 2009, Forbes ranked her the 56th most powerful woman in the world.
Tagged with: breakfast • Christian • commission • exchange • financial • fora • fora.tv • foratv • funds • investing • market • markets • mary • money • monitor • oversight • reform • regulation • Regulations • schapiro • science • SEC • securities • stock • tv
Like this post? Subscribe to my RSS feed and get loads more!
Why aren’t you asking this person the hard questions of why her staff has not been a greater advocate for the public who pays her and her staff. At the end of the day her job was and is to assure honesty to the stock holders and thus the accounting must be real…the description she gave is a position for CEO kiss ass and nothing more…It must be hard to face her lack of party invitations with great booz!
YOU are a censuring board and nothing more….no wonder no one else has bothered to post!
she sounds like she’s talking to her baby daughter
Love it when the regulators wring their hands and say, gee maybe this is a rigged game and the little guy is the bumper.
She’s worried about the flash crash cause? Who cares? That was a transient glitch. But MF Global, now that kind of thing she should be worried about. If Schwab and TD Ameritrade and Smith Barney go under and investors lose 30% of their assets because the brokerage houses were “re-hypothecating” their customers’ assets and investing them in Greek debt, then we are all up a creek. But Corzine will never get prosecuted. He’s too politically connected. That’s what she should worry about.