"We need an SEC that is the investor’s advocate - that has the staff, the will and the resources...

|By:, SA News Editor

"We need an SEC that is the investor’s advocate - that has the staff, the will and the resources necessary to move with great urgency," Mary Schapiro, nominated to head the maligned watchdog, says before the Senate. Schapiro faces “an immense challenge, and that probably understates it,” one former SEC attorney says.