Thanks to the strong support that this subcommittee has provided, the SEC has begun to rebuild that confidence by making needed and significant changes to virtually every aspect of our operations.
Schapiro highlights the SEC's improvements and reforms post-economic crisis.
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More from Mary L. Schapiro
We have worked tirelessly to make the SEC a more vigilant, agile, and responsive agency over the past 2 years.
We think the budget increase is really essential, given the additional responsibilities that the agency is taking on under Dodd-Frank and under the JOBS Act.
Absolutely not, and I put out a statement to try and make that quite clear that we do not time our enforcement actions by the legislative calendar.
I think if we don't cover all dealers regardless of whether they are deposit-taking institutions... we will see business migrate from well-regulated institutions to less well-regulated institutions.