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

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.

the U.S. financial markets failed to live up to their essential price discovery function.

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

Following the biggest financial crisis since the Great Depression, Congress passed legislation that is already reshaping the U.S. regulatory landscape.