"The appointment of Ms Schapiro, 53, chief executive of the Financial Industry Regulatory Authority, comes as the SEC faces an avalanche of criticism for its role in the financial crisis. Announcing the appointments, Mr Obama said a top priority ”which is reflected by this team here today, is not only are we strengthening our financial system but we are also creating the kind of regulatory structure that prevents the kind of broad systemic risks we’ve been seeing”." - Steven Perez from Bookmarklet