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Mary Schapiro
Mary Schapiro
(Haraz N. Ghanbari/ASSOCIATED PRESS)

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Is the SEC any better off after Schapiro?

Buried under the news Monday that Mark Carney is leaving for the Bank of England came word that the head of the U.S. Securities and Exchange Commission, Mary Schapiro, is stepping down.

Right after the announcement went live, the SEC put out a long – and somewhat bizarre – list of accomplishments that the organization is proud of under Ms. Schapiro's watch. They include hiring “experts in risk management, trading, quantitative analytics” and removing a layer of management to “put more expert attorneys on the front lines of investigations.”