SEC tries to boost transparency with Twitter
Securities and Exchange Commission’s new chief, Mary Schapiro, speaks about fixing the agency’s image.
By John Corrigan
April 28, 2009
Mary Schapiro, the new Securities and Exchange Commission chief, was certain to take a get-tough stance at the agency — after Bernie Madoff, what other choice did she have?
But in addition to all the steps she’s taking along those lines — a new enforcement director, streamlined rules for launching investigations, new procedures for following up on the 2,000 or so hotline tips the agency receives daily — the SEC also is trying to make itself more transparent.
To that end, the agency is expanding its presence on Twitter, Schapiro told the Society of American Business Editors and Writers in Denver on Monday.
The SEC actually has three feeds on Twitter: SEC Investor Ed, with 1,519 followers as of midday; SEC News, with 541; and SEC Jobs (as in, if you need one), with 67.
It’s all part of what Schapiro, three months into her job, is doing to help repair the agency’s image.
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