She was head of FIRNA (?) which is supposed to police thibgs like what Madoff did!! LOSER!!!
Used to be the NASD until they took over the NYSE regulatory arm — the same regulatory arm that let Bear and Lehman fill their balance sheets with sewage. The same NYSE that we NASD people were told were “light years” ahead of us in financial and operational monitoring and regulatory expertise.
And BTW, the same NASD that used to own and operate the NASDAQ.
If there is one good thing that will come from the shakeup specualted on in the article, it is that perhaps the 70 year long failed experiment in “self-regulation” will come to an end. For the last 15 years, “self-regulation” has amounted to little more than the big firms regulating their smaller competition out of business or otherwise keeping the rif-raf away from the really profitable grifting.