04/04/2022
https://congress.gov...
"The SEC's penalty scheme is outdated and it is ineffective in disincentivizing bad behavior."
"According to then-SEC Chairwoman Mary Schapiro, the Commission's statutory authority to obtain civil monetary penalties with appropriate deterrent effect is limited in many circumstances."
"Given these problems, the outcome is that FHA is the leading cause of blighted homes in the United States."
"It would seem to me that the SEC Chairman should be here as he is responsible for the Commission's current approach."