Sunday, December 20, 2009

 

Women Role Models from the SEC

If I hear one more woman's organization complain about there being "no women role models" I may just haul off and bonk them. There ARE women role models: the challenge is that you won't find them on daytime television. You WILL find them out there in the real world doing the real work that needs to be done.

In 1968, the then-head of the Securities and Exchange Commission, Manual Cohen, said the following to the New York Women's Bond Club:

"In closing I would like to note another study conducted by Murial F. Siebert who, as you know, is the only woman ever to acquire a seat on the New York Stock Exchange -- a step in the direction of equality which was somewhat overdue. Miss Siebert reports that a survey of 137 liberal arts women's colleges in the U.S. revealed that only a handful have courses on basic concepts of individual finance and investing. Women today constitute over 51% of the nations' share owners. Perhaps if we take steps to make it clear that women really have an important role in the world of finance, the Women's Bond Club of New York, will one day, be gathered here to listen to an address by a lady chairman, or at least a commissioner, of the Securities and Exchange Commission."

Address by Manuel F. Cohen, Chairman, Securities and Exchange Commission, before the Women’s Bond Club of New York, December 13, 1968.

As of 2009, nine women have served as SEC commissioners, one of whom currently is Chair.

The first woman to serve as an SEC commissioner was Roberta S. Karmel (1977-1980) followed by (now Lady) Barbara S. Thomas Judge (1980-1983) and Aulana L. Peters (1984-1988).

Laura S. Unger was named commissioner in 1997 to 2002, followed by Cynthia A. Glassman (2002-2006) and Annette Nazareth (2005-2008). Currently, there are three SEC commissioners who are women, including Chair Shapiro: Kathleen L. Casey (2006-2011) and Elisse B. Walter (2008-2011). Mary L. Shapiro was a commissioner from 1988 to 1994 and was renamed as SEC Chair in 2008.

And how many women have taken the time to go look at the impressive backgrounds and experience of these "outstanding women?"

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