Mary L. Schapiro: “I think in the first instance, we have got to take care of retail investors. This is really a disgraceful situation in…”

I think in the first instance, we have got to take care of retail investors. This is really a disgraceful situation in many ways.

It is a great question. And I will tell you that I think--and I do not mean to sound Pollyannaish about this, but that the culture of the agency was maybe submerged a little bit over the last several years, but there is tremendous…

This time around, I have had more than a few people in my office weeping with fear about what might happen to them because one person or another was looking into their behavior.

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