Mary Schapiro

Date of Birth: June 19, 1955

Zodiac Sign: Gemini

Biography

Mary Schapiro is a distinguished American public servant best known for her role as the Chairwoman of the U.S. Securities and Exchange Commission (SEC). She served in this capacity from January 27, 2009, to December 14, 2012, becoming the first woman to hold the position on a permanent basis. Schapiro has had a long and illustrious career in public service and financial regulation, having served in various capacities across several administrations. Before her appointment to the SEC, Schapiro was the CEO of the Financial Industry Regulatory Authority (FINRA), which is the largest independent regulator for all securities firms doing business in the United States. Her extensive experience also includes serving as a Commissioner of the SEC, Chairwoman of the Commodity Futures Trading Commission (CFTC), and a member of the CFTC’s Advisory Committee. Schapiro is widely respected for her commitment to investor protection, market integrity, and regulatory transparency. Her tenure at the SEC was marked by significant reforms, particularly in response to the financial crisis of 2007-2008. She played a crucial role in implementing the Dodd-Frank Wall Street Reform and Consumer Protection Act, which aimed to prevent future economic crises by improving accountability and transparency in the financial system.

5 Interesting Facts about Mary Schapiro

1. Mary Schapiro is the first woman to serve as the permanent Chairwoman of the SEC.

2. She was appointed to the SEC by President Barack Obama and confirmed unanimously by the Senate.

3. Schapiro has been named one of Forbes’ “World’s 100 Most Powerful Women” multiple times.

4. She played a pivotal role in the creation and implementation of the Dodd-Frank Act.

5. Schapiro holds a Juris Doctor degree from George Washington University Law School.

5 Most Interesting Quotes from Mary Schapiro

1. “We can never be satisfied with the status quo. Markets and investors deserve the best protection we can offer.”

2. “Transparency is critical in maintaining the integrity of our markets.”

3. “Regulation should be the floor, not the ceiling.”

4. “Investor protection must always be our top priority.”

5. “In times of crisis, clear and decisive action is essential.”

Highest Net Worth Achieved

Mary Schapiro’s highest net worth is estimated to be around $40 million, attributed to her various roles in the financial sector, including her tenure at FINRA and the SEC.