Political Quotes

Mary L. Schapiro: I believe that the definition of 'accredited investor' as it stands today does a poor job of screening out people who…

On the recordApril 16, 2013
I believe that the definition of 'accredited investor' as it stands today does a poor job of screening out people who are unsophisticated.
Said by
Mary L. Schapiro

Editor's note · Context

Mary Schapiro advocates for revising the definition of accredited investors to better protect unsophisticated investors.

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More from Mary L. Schapiro

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It is a great question. And I will tell you that I think--and I do not mean to sound Pollyannaish about this, but that the culture of the agency was maybe submerged a little bit over the last several years, but there is tremendous…

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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.

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