Mary L. Schapiro: “We expect the cops on the beat to arrest street criminals, and we should equally expect the financial cops on the beat…”

I believe we need a deeper understanding of the strategies and activities of high-frequency markets and traders and the potential impact on our markets and investors of so many transactions occurring so quickly.

Chairman Gensler suggests that legislation should provide for an insolvency framework that protects first and foremost customers, and I completely agree.

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.

we must close gaps in regulation, improve transparency, strengthen enforcement and establish a workable, macroprudential regulatory framework.