Mary L. Schapiro: “I am not a big believer in voluntary regulation and I think that this is an area where we need authority.”

It seems to me that we have to build a system in this country that makes people want to do business here because a race to the bottom will not serve anybody well.

The transparency is really the critical piece here because it allows market participants to understand.

The goal of the whistleblower program is to create a system that incentivizes individuals to come forward with high quality information to help the Commission expose fraud.

The $1.4 billion that we are requesting will allow us to adequately staff the SEC to fulfill our core mission of protecting investors.