Mary L. Schapiro: “I believe deeply in cooperation between regulators and support Chairman Schapiro's efforts to continue coordination and…”

This is about my belief that their structure presents systemic risk.

I believe we need a deeper understanding of the strategies and activities of high-frequency markets and traders and the potential impact on our markets and investors of so many transactions occurring so quickly.

I commend Congressman Westmoreland and Ranking Member Frank for bringing forward bipartisan legislation, H.R. 3503, to bring transparency to the PCAOB's disciplinary proceedings.

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.