WSJ provides an overview of Schapiro's legacy

11/30/2012 | Wall Street Journal/CFO Journal, The

Securities and Exchange Chairman Mary Schapiro has a mixed record of success as one looks back on her time at the agency. She didn't provide certainty on the issue of International Financial Reporting Standards and she was unable to find common ground with the regulator's commissioners on reforming the money fund industry, Matthew Quinn writes. However, worried that the Jumpstart Our Business Startups Act would loosen investor protections on initial public offerings, Shapiro restructured the unit that reviews company disclosures, which led to more disclosures from Groupon and Facebook before their IPOs.

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