Meet Mary Schapiro. She has been tapped by Barack Obama to head up the Securities and Exchange Commission, the overseer of Wall Street. Read her biography below, see photos and watch a video.




The selection of Mary L. Schapiro, who has served as acting chairwoman of the SEC and chief of the Commodity Futures Trading Commission, will make it easier for The One’s administration to merge the two agencies as part of a broad regulatory overhaul expected next year according to reports.

She has a history of attracting support from both Republicans and Democrats. It was President Reagan who first appointed her as a commissioner at the SEC. Eventually she was named acting chair by President Clinton. He actually later made her the chief of the Commodity Futures Trading Commission.

Obama is expected to announce the choice of Mary Schapiro at yet another news conference tomorrow in Chicago. She will be the first woman to become permanent chair of the SEC if confirmed by the Senate.

Mary Schapiro Biography

Mary L. Schapiro was born on June 19, 1955 in New York, New York so her age is 53. She earned a B.A. from Franklin and Marshall College in 1977; and her J.D. from George Washington University in 1980.

She has diversified experience that makes her uniquely qualified as the SEC Chairperson. She currently heads the Financial Industry Regulatory Authority, formerly NASD Regulation, since 2006 and has been the vice chairman of NASD Regulation as well. She was the chairman of the Commodity Futures Trading Commission, 1994-1996; member of the Securities and Exchange Commission, 1988-1994; general counsel and senior vice president for the Futures Industry Association, 1984-88; counsel and executive assistant to the chairman of the Commodities Futures Trading Commission, 1981-84; and a trial attorney for the Commodity Futures Trading Commission in the manipulation and trade practice investigations unit of the division of enforcement, 1980.

Mary Schapiro was named the Financial Women’s Association Public Sector Woman of the Year in 2000. In 2008, she received a Visionary Award from the National Council on Economic Education (NCEE), honoring her as a “champion of economic empowerment.” She serves on the RAND Corporation’s LRN-RAND Center of Corporate Ethics, Law and Governance Advisory Board.

Mary Schapiro is married and resides in Washington, DC.





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