Mary L. Schapiro: “I believe that the definition of 'accredited investor' as it stands today does a poor job of screening out people who…”

This year we find ourselves at a critical juncture, and that is because the Congress has challenged us not only to continue our reform efforts.

There is a conflict of interest there, and so the Dodd-Frank Act did a couple of things to help us address that.

This time around, I have had more than a few people in my office weeping with fear about what might happen to them because one person or another was looking into their behavior.

It is a great question. And I will tell you that I think--and I do not mean to sound Pollyannaish about this, but that the culture of the agency was maybe submerged a little bit over the last several years, but there is tremendous…