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If true, then Obama shows that he knows the SEC needs to be beefed up. Giving this to a career regulator is an inspired move, especially when you consider the corporate hacks who typically get the job. Mary Schapiro is the change we need at the SEC.
Schapiro, a Wall Street regulator for 20 years with a reputation for tenacity, is likely to push the SEC to become more aggressive in policing the financial industry and advocating the agency's interests as lawmakers push for an overhaul of the financial regulatory structure, according to former officials and colleagues.
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