CSPAN Washington This Week March 8, 2014
Think on facebook or twitter. One of the most critical things the agency does is to enforce the federal securities laws to make sure wall street buys abides by the rules. The right the rules for wall street and brokers and Investment Advisers but we dont have the criminal authority. We have the authority to bring and negligence actions against those who violate the federal securities laws. We cant send anybody to jail. But we can assess civil penalties. Our level of penalties is not as high as we were lucky it to be. There is a legislation in congress to give us the ability to assess higher pe...