SEC to Press Reform Despite Change in Congress

November 22, 2010Articles Westlaw News & Insight Securities Litigation Blog

With the recent election and the inflow of Republicans into the House and Senate, many prognosticators have speculated that the Dodd-Frank Act may be in trouble. Not so, according to Securities and Exchange Commission Chairman Mary Schapiro.

In a recent speech, Schapiro stated that the influx of Republicans will not cause the SEC to reassess its view of rulemaking, enforcement and regulation of the financial markets. She noted that the SEC operates as an independent, bipartisan agency that is directed by commissioners from both parties. In addition, she noted that the SEC's mission is not of a political nature.

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