Mary L. Schapiro: “The transparency is really the critical piece here because it allows market participants to understand.”

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

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

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

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.