Isn't it finally time to put someone in charge of the SEC who really cares about investors?There are many well qualified candidates. Here are a few suggestions:
William Galvin: The highly respected Secretary of the Commonwealth of Massachusetts. He has taken on the industry and recovered millions of dollars of damages for aggrieved investors.
Joe Borg: Executive Director of the Alabama Securities Commission. Mr. Borg has a stellar record of protecting the interests of investors in Alabama.
Andrew Cuomo: The Attorney General of New York. He knows the industry and has shown great tenacity in exposing the recent fraud involving Auction Rate Bonds and other misdeeds.
Mary Schapiro, who is President-elect Obama's choice, has spent her career protecting the securities industry from investors.
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