Mary L. Schapiro: “I believe deeply in cooperation between regulators and support Chairman Schapiro's efforts to continue coordination and…”

Thanks to the strong support that this subcommittee has provided, the SEC has begun to rebuild that confidence by making needed and significant changes to virtually every aspect of our operations.

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

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

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.