Veteran Bloomberg reporter Susan Antilla wonders in her latest column whether Securities and Exchange Commission (SEC) chair Mary Schapiro is the right person to have at the helm of the SEC.
Back in 2006, Schapiro was the head of the National Association of Securities Dealers when the organization decided to merge its regulatory functions with the NYSE to create Finra -- the Financial Industry Regulatory Authority. Now a pair of Finra-member firms are suing Finra and Schapiro, alleging breach of fiduciary duty, misleading statements and unjust enrichment.
Savings Experiment: Snow Removal
Bonds Are a 'Safe' Investment: A Big Lie Gets Even Bigger
The economic numbers are getting better, and every time the bears call an overbought market the market just gets even more overbought. Even some of the bulls are surprised at how there has been no pullback. The housing prices and consumer confidence reflect this data.
According to The Wall Street Journal,
In a word: yes.
Isn't it finally time to put someone in charge of the SEC who really cares about investors?

