On the recordApril 24, 2012
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.
Said by
Mary L. Schapiro
Source
congress.govWe 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.
Schapiro argues for necessary budget increases to fulfill new regulatory responsibilities.
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Following the biggest financial crisis since the Great Depression, Congress passed legislation that is already reshaping the U.S. regulatory landscape.
The worst result I think we could have would be for investors to lose confidence generally again, as they did after Enron, in the quality and the integrity of financial statements.
These are critically important goals, and I support robust implementation of the Dodd-Frank Act's whistleblower program to support Congressional intent.