As head of the U.S. Securities and Exchange Commission, Mary Schapiro’s first order of business upon taking office in early 2009 was to prevent the commission’s demise. She won the applause of her peers for succeeding in this, but her tenure at the SEC has brought criticism, too. Many say she has not been tough enough on Wall Street, particularly on C-level executives who were at the helm when their companies and the country fell into a fiscal crisis. Lynn Turner, a former SEC chief accountant, said that the agency’s actual enforcement record signals to Wall Street that the tough talk is just rhetoric. Schapiro “has created a culture where it is better to ask for forgiveness than beg for permission,” Turner said. “And the trouble is, she always forgives them.”
Indexed annuities that are registered as variable contracts looked like dukes.
The sector accounts for about 1.3% of the Empire State's economic output.
Here ideas about easy ways to create new content quickly.
Sponsored by Fidelity Investments
Get insights into the mindset that’s driving today’s advisors to make a move--and help realize their unique business vision.
Don’t miss crucial news and insights you need to make informed investment advisory decisions. Join ThinkAdvisor.com now!
- Free unlimited access to ThinkAdvisor.com which provides advisors, like you, with comprehensive coverage of the products, services and trends necessary to guide your clients in making critical wealth, health and life decisions.
- Exclusive discounts on ALM and ThinkAdvisor events.
- Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.
Copyright © 2019 ALM Media Properties, LLC. All Rights Reserved.