WKYT | Lexington, Kentucky | News

SEC chief points to stepped-up enforcement

WASHINGTON (AP) - The head of the Securities and Exchange Commission says the agency has stepped up enforcement in the wake of the financial crisis and past agency failures.

SEC Chairman Mary Schapiro is appearing at a House subcommittee hearing Tuesday. It is her first public testimony since the passage of sweeping financial regulation that gives the agency new powers. Her comments also are coming after the agency agreed to let Wall Street giant Goldman Sachs pay $550 million to settle civil fraud charges.

"We worked to reform the ways we operate. We began modernizing our systems," Schapiro says in testimony prepared for the hearing.

Comments are posted from viewers like you and do not always reflect the views of this station.
powered by Disqus


2851 Winchester Rd. Lexington, Ky 40509 859-299-0411 - switchboard 859-299-2727 - newsroom
Register for Email
RSS Feeds
Copyright © 2002-2015 - Designed by Gray Digital Media - Powered by Clickability 98834994 - wkyt.com/a?a=98834994
Gray Television, Inc.