After 30 Years As a Regulator, Schapiro Becomes Bank Consultant
A lifelong regulator, Schapiro joined the government straight out of law school.
April 03, 2013
Former SEC chief Mary Schapiro, who policed Wall Street firms for more than three decades, is now going to become a bank consultant. Schapiro, who left the SEC in December after four years at its helm, will join the Promontory Financial Group, a strategy, risk management, regulatory, and compliance consulting firm, as managing director and chairman of its governance and markets practice. Schapiro’s new position marks a significant departure from her former career path: A lifelong regulator, Schapiro joined the government straight out of law school, and later ran the Commodity Futures Trading Commission, before moving on to Financial Industry Regulatory Authority (FINRA), before taking the reins of the S.E.C. in 2009, at a time when the watchdog had come under fire for failing to take action in the run-up to the devastating 2008 financial crisis and for also failing to spot Bernie Madoff’s unprecedented Ponzi scheme. Schapiro’s move to the other side... Read full story on Wall Street & Technology
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