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 enthusiasm again for our enforcement role.
Discussion on revitalizing the SEC's enforcement culture.
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More from Mary L. Schapiro
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.
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.
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.
Following the biggest financial crisis since the Great Depression, Congress passed legislation that is already reshaping the U.S. regulatory landscape.