House Republicans Grill Schapiro Over New SEC Powers

Law360, New York (July 20, 2010, 2:32 PM EDT) -- Speaking before a U.S. House of Representatives subcommittee Tuesday, U.S. Securities and Exchange Commission Chairwoman Mary Schapiro defended the agency’s augmented authority under the financial reform bill and promoted recent efforts to make the SEC a more streamlined and active regulator.

The House Financial Services Committee's subcommittee on capital markets, insurance and government-sponsored enterprises questioned Schapiro on an array of subjects, including regulation in the post-Madoff era and the SEC’s budget, but focused on the watchdog’s role now that the financial reform bill is about to...
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