Obama Hands Veteran the Job of Restoring Watchdog's Image ; Regulation

Evening Standard - London › December 18, 2008

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Summary

VETERAN regulator Mary Schapiro is to get the tricky job of restoring confidence in key US watchdog the Securities and Exchange Commission under the new Barack Obama administration.

She will also have to handle the fallout from the SEC's failure to uncover the $50 billion ([pounds]32 billion) Bernard Madoff alleged fraud that is shaping up to be the biggest swindle in US history. The president-elect is expected to announce her appointment in Chicago today.

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Obama Hands Veteran the Job of Restoring Watchdog's Image ; Regulation

Even before the Madoff bombshell, the SEC was under intense scrutiny ...

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