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.
Schapiro warns against potential loss of investor confidence due to changes in reporting requirements.
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More from Mary L. Schapiro
The goal of the whistleblower program is to create a system that incentivizes individuals to come forward with high quality information to help the Commission expose fraud.
I think in the first instance, we have got to take care of retail investors. This is really a disgraceful situation in many ways.
I do believe that we cannot suffer under the too-big-to-fail doctrine as an economy for very much longer.
No. We should not guarantee that nobody fails. We should allow institutions to fail.