Christopher Dodd
The Public Record
Christopher Dodd is a former U.S. Senator from Connecticut, serving from 1981 to 2011. A member of the Democratic Party, Dodd was known for his work on issues such as health care, education, and financial regulation. He played a significant role in the passage of the Dodd-Frank Wall Street Reform and Consumer Protection Act, which aimed to prevent the kind of financial crisis that occurred in 2008. Dodd also served as the Chairman of the Senate Banking Committee, where he was influential in shaping policies related to housing and banking.
So merely someone saying to you, creating this fiction, in a sense, that FINRA all of a sudden has to stop everything, you cannot--do you believe the--I have read the statutory language, and it seems to me quite clear that the ability to…
We are terribly disappointed in this particular case for the reasons you have heard this morning.
There seems to have been a glaring missed obligation regarding this matter that went on so long with so many flags being raised.
In effect, then, you become worthless, in a sense. What is the purpose at this point? Creating that kind of a fiction merely then avoids any kind of real supervision.
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.
If we missed Madoff, it seems to me we have got to go back and revisit that whole model, don't you agree?
I have a very strong view that the investment in aid programs and development programs, in the long run, is the way that we leave a mark on the world about what America's values are.
In my view, in the end it all comes down to personnel--good people who are willing to reach out and listen.





