Ann Wagner actually said...

"We are hearing from industry and investors and others that you have clearly chosen to regulate by press release, guidance, and enforcement action instead of through the traditional Administrative Proc..."

"I have been, along with many others, very troubled that the SEC is deviating from its core mission of protecting investors and facilitating capital formation."

"This soon-to-be proposed rule appears to have been hastily developed without any empirical evidence that there is a problem with the current quality of U.S. equity markets for retail investors."

"I am further concerned that the SEC is attempting to implement a partisan policy agenda through additional government mandates."