I think we are a far cry from the SEC that was established by Joseph Kennedy and Franklin Roosevelt in the 1930s.
Chuck Schumer
The Public Record
Chuck Schumer is an American politician serving as the senior United States senator from New York since 1999. A member of the Democratic Party, he has held the position of Senate Majority Leader since January 2021, making him one of the most prominent figures in the U.S. Senate. Schumer previously served in the U.S. House of Representatives from 1981 to 1999, representing New York's 9th congressional district. Throughout his career, he has focused on issues such as healthcare, infrastructure, and economic development, often advocating for policies that benefit working families and promote social justice.
I am confident that the changing of the guard, particularly the appointment of Mary Schapiro as the new SEC Chairman, will be a good start toward reforming the SEC.
I want to thank the witnesses and thank the Chairman. I look forward to the testimony.
That is why Senator Shelby and I, among others, are introducing the Safe Markets Act today, which, among other things, would authorize the hiring of 100 new SEC enforcement staff as well as FBI agents and prosecutors to go after criminal…
The Bernie Madoff fraud was a punch to the gut of our financial system which was already reeling from too many haymakers.
I think our leadership on this is critical to our bona fides with respect to Iran, North Korea, and the rest of the world.





