Tuesday, February 24, 2009

Schapiro Seeks to Restore S.E.C.’s Credibility


Less than a month after becoming the head of the Securities and Exchange Commission, Mary L. Schapiro is moving swiftly to reverse major decisions by her predecessor and to strengthen an enforcement program that missed several major frauds that cost investors billions of dollars.

Ms. Schapiro and her aides have begun consulting officials at intelligence and law enforcement agencies about the technology they use to sort through mounds of information.

Her hope is to borrow techniques that could help the commission sift through hundreds of thousands of tips it receives annually from informants. Last year, the agency received more than 700,000 such tips.

See full Article.