The agency won the largest penalty in SEC history -- $550 million -- against Goldman Sachs(GS) to settle charges the bank defrauded investors by selling securities tied to subprime mortgages.
The agency also settled a case with Bank of America (BAC)for $150 million over charges that the bank didn't tell shareholders about bonuses paid to Merrill Lynch bankers or losses that led to a second government bailout.
Prior to serving as SEC chairman, Schaprio was CEO of the Financial Industry Regulatory Authority from 2007 to 2008. Schapiro made $163,000 as the head of the SEC, far less than her $2.75 million salary running FINRA.
Schapiro's nomination will be voted on by shareholders at GE's annual meeting on April 24.