I believe deeply in cooperation between regulators and support Chairman Schapiro's efforts to continue coordination and consultation between the SEC and DOL.
Mary L. Schapiro
The Public Record
The goal of the whistleblower program is to create a system that incentivizes individuals to come forward with high quality information to help the Commission expose fraud.
This year we find ourselves at a critical juncture, and that is because the Congress has challenged us not only to continue our reform efforts.
The $1.4 billion that we are requesting will allow us to adequately staff the SEC to fulfill our core mission of protecting investors.
We have worked tirelessly to make the SEC a more vigilant, agile, and responsive agency over the past 2 years.
There is a conflict of interest there, and so the Dodd-Frank Act did a couple of things to help us address that.
It seems to me that we have to build a system in this country that makes people want to do business here because a race to the bottom will not serve anybody well.
The transparency is really the critical piece here because it allows market participants to understand.
No. We should not guarantee that nobody fails. We should allow institutions to fail.
A stable, fair, and efficient market structure is the backbone of the equity markets and an important engine of our economy.
I think the largest financial firms in this country are just too large, and that their massive size threatens our economic security and puts us at risk in future crises.
the success of the Dodd-Frank Act will rise or fall depending on the commitment and enthusiasm of the various agencies to fully implement it in a timely manner.