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U.S. Securities and Exchange Commission

Chairman Schapiro Statement on Regulatory Reform Legislation


Washington, D.C., June 28, 2010 — The following is a statement from SEC Chairman Mary L. Schapiro regarding legislation to be considered this week by the Congress:

"On Friday, Congress took a giant step toward achieving important comprehensive financial regulatory reform.

"The bill that emerged from the conference to be considered this week will improve oversight of large interconnected institutions, fill significant regulatory gaps, provide greater oversight and transparency over hedge funds and over-the-counter derivatives, improve the SEC's funding process and provide additional investor protections."

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Modified: 06/28/2010