Financial industry lawyers praise Schapiro for saving a tattered SEC

, The National Law Journal


Mary Schapiro, the chairwoman of the U.S. Securities and Exchange Commission, has announced that she will be stepping down from her post and leaving the agency on December 14.

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What's being said

  • RD Legal Funding

    The SEC was in shambles when Mary Schapiro took over. There was so much distrust of the organization given the huge scandals of Bernie Madoff and other ponzi schemes. Added to that the problems with the huge financial companies, people were really down on SEC. Schapiro gave them some credibility back although it will be a long time before the SEC is looked at as a strong organization looking out for the little guy.

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