Christopher J. Dodd: “It is a challenge, just by the way----”

I hope that we will get in the next administration regulators who understand what their duty and obligation is.

So the question is whether or not... you would recommend that there be some statutory response to that.

I am told, other than on a relatively few violations of the fraud statutes, most of the violations were of SRO regulations.

Today, I think the figure is less than 2 percent.