Mary L. Schapiro: “I think in the first instance, we have got to take care of retail investors. This is really a disgraceful situation in…”

These are critically important goals, and I support robust implementation of the Dodd-Frank Act's whistleblower program to support Congressional intent.

I believe that the definition of 'accredited investor' as it stands today does a poor job of screening out people who are unsophisticated.

The Dodd-Frank Act significantly changes the SEC's regulatory landscape.

Do I wish now that he had been more sensitive to the potential of this issue to raise an appearance of conflict? Yes.