Political Quotes

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

On the recordApril 16, 2013
I believe that the definition of 'accredited investor' as it stands today does a poor job of screening out people who are unsophisticated.
Said by
Mary L. Schapiro

Editor's note · Context

Mary Schapiro advocates for revising the definition of accredited investors to better protect unsophisticated investors.

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More from Mary L. Schapiro

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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.

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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.

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