Obama names Schapiro to head US SEC
19-12-2008
US President-elect, Barack Obama, has named longtime financial industry regulator, Mary Schapiro, to head the Securities and Exchange Commission - amid calls for reform of the agency in the wake of a massive investment fraud scandal. Mr Obama also named Georgetown University law professor, Daniel Tarullo, to fill one of two vacancies on the Federal Reserve Board, which is battling to ease a credit crisis and fend off a deepening recession. And he picked former Treasury official, Gary Gensler, to head the Commodities Futures Trading Commission, which regulates the US commodity futures and options market.
