Sense on Cents

Add the Baltimore Sun, Chicago Tribune and Hartford Courant to the growing list of periodicals in our country questioning the leadership and integrity of  current SEC chief and former FINRA head, Mary Schapiro.

Recall that Barrons, The New York Times, and Sense on Cents have called for the public release of unredacted documents which directly address the veracity and integrity of Ms. Schapiro and her then FINRA colleagues in the merger of the NASD with NYSE Regulation to form FINRA.

Bloomberg got on board in early November, and subsequently the Washington Examiner picked up on the importance of this story in late November and published an article by Marta Mossburg, A Failure of Leadership at the SEC.

The wave of momentum behind this story is growing. Add the Baltimore Sun, Chicago Tribune, and Hartford Courant to those who question the integrity and leadership of Ms. Schapiro. These periodicals have all chosen to run Ms. Mossburg’s piece. I am grateful to Ms. Mossburg for directing her readers to Sense on Cents for a full and thorough review and analysis of the failures at FINRA during Ms. Schapiro’s tenure.

How can we ever expect to make real regulatory progress and gain real transparency and integrity when the very leader of our financial regulatory institutions, that is the SEC and FINRA, has not displayed these qualities herself?

Sense on Cents has been banging this drum since January 2009. The fact that these other major media outlets are now also banging the drum speaks volumes.

America deserves unquestioned truth, transparency, and integrity from our financial regulators. Eight media outlets are calling for it.

LD

Related Sense on Cents commentary:
Barrons, New York Times and Sense on Cents All Request Transparency from FINRA (October 23, 2009)
Bloomberg Joins Ranks Calling for FINRA Transparency (November 9, 2009)

This entry was posted on Monday, December 14th, 2009 at 1:06 PM and is filed under General, Mary Schapiro. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.