Mary L. Schapiro: “I believe we can make tremendous use of tips and complaints from whistleblowers.”

I believe deeply in cooperation between regulators and support Chairman Schapiro's efforts to continue coordination and consultation between the SEC and DOL.

Absolutely not, and I put out a statement to try and make that quite clear that we do not time our enforcement actions by the legislative calendar or by anybody else's wishes.

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.

But I would also note that in the Senate Agriculture Committee bill, there is a fiduciary duty that swap dealers owe to pension plans and municipalities, and that seems to me to be a very good idea.