Mary L. Schapiro: “This is about my belief that their structure presents systemic risk.”

I commend Congressman Westmoreland and Ranking Member Frank for bringing forward bipartisan legislation, H.R. 3503, to bring transparency to the PCAOB's disciplinary proceedings.

It is a symptom of the times and a political culture that is quite frankly seriously 'nuts.'

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.