In the midst of a poor job market, it is always encouraging to hear that prospects are brightening. In that spirit, the recent financial industry overhaul signed by the President may be able to provide a few rays of sunshine, at least for some.
Although financial regulatory reform may be causing some uncertainty among securities market participants, one group that it appears to be providing some clarity to is folks who work in securities law. This is due to the new mandates the Securities and Exchange Commission has been handed which require it to create rules rather than merely enforce them. Due to this change, Chairman Mary Schapiro has spoken to Congress about appropriating the funds necessary to hire over 800 new employees.
One would hope that the fate of the financial system would be put into more capable hands than those of students with one corporate law class under their belts who would rather be doing pro bono work on death row. However, for the sake of the sanity of some of my classmates, here's hoping that in addition to senior jobs, some junior positions have been listed on Ms. Schapiro's spreadsheet...
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