Schapiro's SEC Gets Cautious Early Thumbs-Up

Law360, New York (May 5, 2009, 12:00 AM EDT) -- When President Obama tapped Mary L. Schapiro to head the U.S. Securities and Exchange Commission, her mandate was simple. All she had to do was rebuild public trust after the commission failed to turn up a 25-year, $65 billion Ponzi scheme, rebuild the morale of a beaten-down agency and rewire a collapsed financial regulatory system.

And those were just the issues on the front burner when Schapiro was officially sworn in Jan. 27. Now that she's had three months on the job — far too soon...
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