Mary L. Schapiro: “No. We should not guarantee that nobody fails. We should allow institutions to fail.”

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

This time around, I have had more than a few people in my office weeping with fear about what might happen to them because one person or another was looking into their behavior.

Companies seeking access to capital should not be overburdened by unnecessary or superfluous regulations.

We think the budget increase is really essential, given the additional responsibilities that the agency is taking on under Dodd-Frank and under the JOBS Act.