Jack Reed actually said...

"I have consistently fought to give the SEC the robust resources and authority it needs to aggressively fight fraud and other abuses in the securities markets."

"I presume, but I don't want to put a conclusion forward without your comment, that at least the SEC seems to be headed in the right direction now."

"Thank you, Mr. Kotz, for an extraordinarily insightful and informative report."

"I hope today's hearing helps us to continue to identify the underlying issues and problems at the agency that led to this preventable travesty."