CHICAGO, Dec. 18 (UPI) -- Securities and Exchange Commission Chairwoman-designate Mary Schapiro, if approved by the U.S. Senate, would return to the post she once held temporarily.
Schapiro, 53, was presented Thursday by U.S. President-elect Barack Obama as his nominee to head the regulatory post.
Schapiro was appointed in 1988 by former President Ronald Reagan to serve as a commissioner of the Securities and Exchange Commission and reappointed by former President George H.W. Bush in 1989. Former President Clinton named Schapiro as acting SEC chairman, then appointed her chairwoman of the Commodity Futures Trading Commission.
She currently is chief executive of the Financial Industry Regulatory Authority, a self-regulatory organization responsible for regulatory oversight of all securities firms that do business with the public, as well as professional training, testing and licensing of registered persons, among other things.
She also sits on the boards of Duke Energy and Kraft Foods.
