MFDF - Mutual Fund Directors Forum - Chronicling Schapiro's SEC Tenure test

Member Login

Request an account

Sample Banner 2

Chronicling Schapiro's SEC Tenure

According to a recent Bloomberg article, Chairman Schapiro is tired of the late nights and constant policy battles and she is “eager to depart after the November election.”  The article chronicles SEC Chairman Schapiro’s tenure at the agency, including several of the policy challenges she has faced.  Of particular note to funds, Bloomberg provides color on the events leading up to and after the Chairman’s decision not to bring her money market fund reform proposal to a vote.  For example, the article states that Commissioner Aguilar informed Chairman Schapiro only a week before the scheduled August 29th vote that he would not support the proposal.  In addition, Chairman Schapiro’s public statement regarding the canceled money market fund vote reportedly did not sit well with some dissenting Commissioners.  “[Commissioner] Gallagher, for instance, read the statement in a news story while taking a train home. He called Schapiro from his mobile phone, blasting her for not warning him, according to a person familiar with the matter who spoke on condition of anonymity because the talk was private.”

  • All
  • Accounting and Audit
  • Advisory Contracts
  • Board Governance
  • Board Governance: Board Leadership
  • Board Governance: Compensation
  • Board Governance: Oversight of CCO
  • Board Governance: D&O Insurance
  • Board Governance: Self-Evaluation
  • Closed-end Funds
  • ETFs
  • Other Oversight
  • Other Oversight: Alternative Investments and Derivatives
  • Other Oversight: Custody
  • Other Oversight: Fixed Income funds
  • Other Oversight: Distribution
  • Other Oversight: Portfolio Trading
  • Other Oversight: Proxy Voting
  • Other Oversight: Securities Lending
  • Legislative News
  • Money Market Funds
  • Reference
  • Regulatory News
  • Risk
  • Shareholder Disclosure
  • Valuation
  • Webinars
  • Aaron New Tag