I would like the SEC and FINRA to report every 3 months to this Committee on actions that you are taking to improve the effectiveness of examinations and the handling of credible tips in order to reduce the amount of investor fraud.
Dodd emphasizes the need for regular updates on fraud prevention measures.
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In fact, it was the uncertainty inherent in a nontransparent and reckless financial system that made Dodd-Frank necessary in the first place.
But, whether such a temptation is motivated by a noble desire to speed up the legislative process or by pure political expedience, I believe such changes would be unwise. To my fellow Senators who have never served a day in the minority, I…
Maybe we ought to be spending a little more time looking at the relationships at that level.
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