Just to reiterate, the kind of legislation I have introduced is really very much needed.
I helped get you that appropriation.
It seems to me almost a certainty, given how bad things were with Madoff, that there are probably other Ponzi schemes.
Look, I am not asking you how you have corrected it.
The SEC clearly needs more resources, but it is only one of two financial regulators that must go begging to Congress ev...
What do you think of the proposal, all three of you, that I made, which is that the SEC should be able to use the fees t...
Again, you do not have to be Albert Einstein to figure out you ought to get some third-party verification and not accept...
It is just astounding. I mean, this was not just a mistake.
It was just sheer incompetence.
More complex products and less transparency equals a greater possibility of fraud and wrongdoing.
The bottom line is, while the SEC may need new laws and new tools, they had all the laws necessary on the books to catch...