Chairwoman Schapiro Highlights SEC Enforcement Initiatives in First TV Interview
On April 16th, SEC Chairwoman Mary Schapiro appeared on PBS’s Nightly Business Report for her first television interview since taking office. During her interview, Chairwoman Schapiro discussed initiatives for the SEC’s “aggressive enforcement program,” including new regulations for credit rating agencies, possibly as soon as this summer. According to Chairwoman Schapiro, these rules will be designed to “align interests of credit rating agencies with the users of the ratings (investors) – as opposed to the issuers of the securities.”
Chairwoman Schapiro also indicated that within the next month, the Commission will be considering rules to enable “responsible proxy access” for “longer term shareholders,” in order to increase Board-member accountability.
Other topics addressed during the interview include increased enforcement actions against ponzi schemes, the Commission’s utilization of investor fraud tips, and the SEC’s role in boosting investor confidence.
Click here to view the extended version of Chairwoman Schapiro’s interview.
