21 Facts About Mary Schapiro

Mary Lovelace Schapiro was born on June 19,1955 and served as the 29th Chair of the US Securities and Exchange Commission.

Mary Schapiro was appointed by President Barack Obama, unanimously confirmed by the US Senate, and assumed the Chairship on January 27,2009.

Mary Schapiro is the first woman to be the permanent Chair of the SEC.

Schapiro was born in New York City to Robert and Mary Susan "Sue" Hall Schapiro.

One of four children, Mary Schapiro grew up in Babylon, New York, where her father owned the Tempus Fugit antique store.

Mary Schapiro was appointed in 1988 by President Ronald Reagan to fill one of two Democratic seats on the SEC.

President Bill Clinton appointed Mary Schapiro acting Chair of the SEC, and then appointed her Chair of the Commodity Futures Trading Commission in 1994.

In 1996 Mary Schapiro joined the National Association of Securities Dealers as the president of NASD Regulation.

In 2005 Mary Schapiro oversaw a wide-reaching probe into gift-giving and entertaining on Wall Street, uncovering several instances of lavish and excessive activities, which led to many charges.

In 2008, Mary Schapiro was named to Investment Advisor magazine's IA 25, the list of the 25 most influential people in and around the investment advisory business.

In 2008, her last year at FINRA, Mary Schapiro earned a regular compensation package of $3.3 million; on departure from FINRA, she received additional lump sum retirement benefit payments to a total of just under $9 million.

Mary Schapiro received $8.99 million as a "final distribution," including $7.6 million in vested retirement benefits, according to a Finra report.

Mary Schapiro partially blamed the financial crises of 2008 on deregulation, telling senators that the regulatory system had "not kept pace with the markets and the needs of investors".

Mary Schapiro led the agency through one of its most active rulemaking periods, and enacted many other investor protection measures, including adopting more than three quarters of the rules required by the Dodd-Frank Act.

Mary Schapiro said these steps would buffer the market against future similar events.

At Bloomberg Mary Schapiro focuses on climate finance, serving on the secretariat of the Task Force on Climate-related Financial Disclosures.

Bloomberg and Mary Schapiro serve together on the Working Group on US RMB Trading and Clearing, where Mary Schapiro is vice-chair.

Mary Schapiro is a member of the Council on Foreign Relations and a trustee of Franklin and Marshall College.

Since it was announced at the 2021 United Nations Climate Change Conference in Scotland, Mary Schapiro has served as vice chair of the Glasgow Financial Alliance for Net Zero.

Mary Schapiro is married to Charles "Chas" Cadwell, a former official with the US Small Business Administration.

Mary Schapiro serves as treasurer of the Humane Rescue Alliance, formerly the Washington Humane Society.