On the surface, Mary L. Schapiro has all the credentials to be an outstanding chairwoman of the Securities and Exchange Commission, as she has unparalleled experience as a securities regulator.
The bear market and recession that began late in 2007 are perhaps barely half over, but it isn't too soon for financial planners and investment advisers to begin preparing clients for the aftermath of government efforts to halt the crisis.
The Madoff Ponzi scheme has shocked investors but offers many lessons. The first is that no one can rely on the Securities and Exchange Commission to spot all, or even most, of the bad guys in the financial system before they hurt people.
Investors will be glad to see the end of 2008 — a year that may live in infamy as one that was marked by the worst investment returns since the Great Depression.
The following is an edited transcript of the round-table discussion.
Where are the advocates for businesspeople and investors in President-elect Barack Obama's incoming administration?
A new service from the Depository Trust and Clearing Corp. automates the account setup and maintenance of managed accounts — eliminating an onerous and non-standardized manual process.
The incoming administration should consider the regulatory reforms for the financial markets that it will propose to Congress and the regulatory agencies when it takes office in January.
Job no. 1 for the Federal Reserve Board and the Department of the Treasury was to stabilize the capital markets.
