I can’t disagree with you about Cox, but having had Ms. Shapiro at the top of the food chain of my former employer, after the unlamented Bob Glauber drove it into the ground, was an enlighteneing experience.
Cox has an excuse for his incompetence; he was a congressman before he headed up the SEC. Shapiro cannot be counted on to do more than rack up a 20 person firm for not shredding their trash properly. I could’nt get out of FINRA fast enough — I may have left skid marks by the door on my last day...
Mary Shapiro and Bob Glauber - what a team. Bernie was on the NASD Board of Governors during their tenure.
What is sad is there are a lot of good people at the SEC and FINRA (NASD) but the (political) management is the a joke. The NYC and Boston SEC offices knew Madoff was a crook.
Bernie donated a lot of money to Democrats so my guess is he was untouchable.