Exactly. Yes, and it worked.
We need to have a real auditor that has some accountability.
Senator Schumer
I am confident that the changing of the guard, particularly the appointment of Mary Schapiro as the new SEC Chairman, wi...
The Bernie Madoff fraud was a punch to the gut of our financial system which was already reeling from too many haymakers...
Today's SEC appears stagnant and behind the times, almost always closing the barn door too late.
I think we are a far cry from the SEC that was established by Joseph Kennedy and Franklin Roosevelt in the 1930s.
This kind of exemptive rule is, in my view, deregulation carried to excess.
I want to thank the witnesses and thank the Chairman. I look forward to the testimony.
You cannot be your own watchdog.
That is why Senator Shelby and I, among others, are introducing the Safe Markets Act today, which, among other things, w...