Barack Obama is on Friday expected to name Mary Schapiro, head of the Financial Industry Regulatory Authority, the US securities industry’s self-regulatory body, as chair of the SEC. The decision to appoint Schapiro, 53 comes amid escalating criticism of the SEC for its role in the financial crisis – particularly after the agency’s admission this week of failures in response to allegations as far back as 1999 of wrongdoing by New York broker Bernard Madoff.

This entry was posted by Gwen Robinson on Thursday, December 18th, 2008 at 5:15 and is filed under Capital markets, People. Tagged with sec. Edit this entry.