Mary Schapiro, president-elect Barack Obama's choice to lead the Securities and Exchange Commission, told members of the Senate Banking Committee yesterday that she would "reinvigorate" the SEC's enforcement division and ensure the commission adopts a "laser-like focus" on uncovering fraud and protecting investors.

In a confirmation hearing before the committee, Schapiro, the chief executive officer of the Financial Industry Regulatory Authority, repeatedly acknowledged shaken investor confidence in the SEC but pledged to act swiftly to restore faith in the commission.

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