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Rating:Mary Schapiro's Back, and Here Are More Rumors on Her Plans Not Rated 0.0 Email Routing List Email & Route  Print Print
Thursday, September 27, 2012

Mary Schapiro's Back, and Here Are More Rumors on Her Plans

News summary by MFWire's editors

Is Mary Schapiro on her way out, just a little more than three years into a five-year term? The Wall Street Journal published a story today on the same rumors you've probably heard already, but with some new evidence.

Namely, a number of Schapiro's "lieutenants," as the Journal calls her close advisors, have left the agency recently. This includes Ricardo Delfin, a close advisor of Schapiro, report Andrew Ackerman and Scott Patterson of the Journal.

One former SEC commissioner from the Republican side of the aisle said that, while he had no idea what Schapiro's plans are, these departures could be a sign.

"It's normal for people to leave when the person they're working for is about to leave," said Richard Roberts to the Journal.

Though there isn't any hard-and-fast news to report, the article goes into a good deal of interesting detail, describing exactly the problems that have put Schapiro in the position of possibly resigning, from the long recovery from the Bernie Madoff Ponzi scheme to the news that has dominated the mutual fund world (and MFWire) for the past few months: her failed efforts to impose tighter regulations on money market funds. 

Edited by: Ben Geier


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