Democratic sources anonymously mentioned that President-elect will appoint long-time securities regulator Mary Schapiro to head his administration's Securities and Exchange Commission (SEC).Her appointment is now critical at a time when investors lost some sense of trust in the agency after it had failed to alert investors about frauds like the $50 billion Ponzi scheme by money manager Bernard Madoff. Credibility is needed in the agency, and she might be the one who will put it back on track.
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