Mary L. Schapiro: “I do believe that we cannot suffer under the too-big-to-fail doctrine as an economy for very much longer.”

Chairman Gensler suggests that legislation should provide for an insolvency framework that protects first and foremost customers, and I completely agree.

A stable, fair, and efficient market structure is the backbone of the equity markets and an important engine of our economy.

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

The worst result I think we could have would be for investors to lose confidence generally again, as they did after Enron, in the quality and the integrity of financial statements.