Mary Schapiro

Facebook has ended its third trading day and the world is falling apart -- again. The stock closed Tuesday at $31, down 19% from the $38 IPO price, lead underwriter Morgan Stanley is under fire, the SEC is ready to investigate, and analysts are blaming everyone. Oh, and the fundamentals? Those haven't changed a bit.

JPMorgan Chase stock lost more than 8% of its value Friday after the bank, the largest in the United States, revealed a monster $2 billion loss in a trading group that manages the risks the bank takes with its own money.

Mary Schapiro, chairwoman of the SEC, said she doesn't expect that the recent midterm elections will affect the overhaul of the U.S. financial regulation. As long as financial regulation bill Dodd-Frank is on the books, the SEC will enforce it, Schapiro said. "The law's passed," Schapiro said,...

Additional changes to prevent another "flash crash" are on the way, the U.S. Securities and Exchange Commission said Monday. Among other things, the commission may tinker with the circuit breakers it set up to automatically halt trading if a stock falls 10% in five minutes.

You might think it's a bit late in coming, but Attorney General Eric Holder announced a Financial Fraud Enforcement Task Force on Tuesday. Holder will lead the group along with Treasury Secretary Tim Geithner, Housing and Urban Development Secretary Shaun Donovan and Securities and Exchange...

On the door of Mary Schapiro's office at the U.S. Securities & Exchange Commission in Washington, D.C. is a sign that asks, "How does it help investors?" It's meant to remind everyone who enters the office of the chairwoman (pictured) that whatever issue they've come to discuss better be...

If President Obama wants to end the kind of complex trading that nearly brought the U.S. financial system to its knees, a more robust plan is needed to control them than the one his administration has put forth, the nation's top securities regulator told Congress on Tuesday. A White House plan to...

Reeling from the embarrassments of the Madoff and Stanford scandals, new SEC Chairman Mary Schapiro wants to enlist private-sector third parties to help the SEC expose fraud. Not that she has a choice. The SEC has only 400 staff to examine more than 11,000 investment advisers, meaning only about 10...

If lawyers helped get us into this mess by ignoring warnings at the SEC that Bernie Madoff was a fraud, can we use a coalition of lawyers to get us out of it? That's the idea being put forth by the Madoff Case Global Alliance of Law Firms -- an alliance of 45 law firms, and counting, representing...