The SEC got more than 100 rules to write under Dodd-Frank, the lion's share of all the agencies. And we've moved, I think, with a tremendous sense of urgency. But it takes a long time to write rules and get them approved by a five-member commission.
From Mary Schapiro
We have new rules that give shareholders the ability to vote on executive compensation. We have new rules for asset-backed securities. We have new rules around credit rating agencies.
The SEC has actually progressively loosened up the rules and recognized the value of social media, but the goal is always going to be to get information out as broadly as possible as quickly as possible.
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