Mary Schapiro: Out of the SEC and Into the Shadows
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After 25 years as a regulator, Mary Schapiro, most recently chairman of the U.S. Securities and Exchange Commission, is switching sides. Well, sort of.
The 57-year-old lawyer, a veteran of the SEC, the Financial Industry Regulatory Authority (FINRA), and the Commodity Futures Trading Commission, will serve as a managing director and chairman of the governance and markets practice at Promontory Financial Group, a business that’s known as a so-called shadow regulator.