21 Quotes by 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.

There are no absolutes in this world, and there will always be mistakes that are made within brokerage firms; there will always be people who set out to deceive the regulators and even deceive their own senior management.

There is a lot more detail now around our expectations. This lays out clearly that entertainment should not interfere with duty to the customer.

When the SEC needs to be deterring corporate wrongdoing, the 'penalty pilot' program sends the wrong message.

Securities firms that sell variable life insurance products must ensure that they are appropriate for particular investors and that brokers do not mislead their customers about the nature of these products,

I don't feel any pressure at all to go along with anybody. I feel pressure to do the right thing for U.S. markets and U.S. investors.

It has been an incredibly rewarding experience to work with so many dedicated SEC staff who strive every day to protect investors and ensure our markets operate with integrity.

It is certainly a crime with a victim when people who have the right to expect that they are doing business with honorable and reputable people who will be duly licensed find out that they are not.

Every morning when I pick up the newspaper and read about an earthquake in Japan or problems in European financial institutions, the first question I ask our staff is 'What is money-market-fund exposure?'