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.
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