Mary L. Schapiro: “The transparency is really the critical piece here because it allows market participants to understand.”

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 symptom of the times and a political culture that is quite frankly seriously 'nuts.'

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.

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.