Mary Shapiro, a seasoned regulator and investor advocate, will be Obama’s pick to head the SEC. She says we will see some strongly-worded regulations that will focus on the hedge funds and the transparency of their operations. The enforcement arm of the SEC will be armed to the teeth with regulatory ammunition and “let loose” on Wall Street to impose penalties. Talk of a “Sarbanes-Oxley on steroids” regulatory bill is already afoot in Congressional offices. Rebuilding trust and confidence with your customers and reconnecting with them has to be a priority now.”]
Source: https://www.cuinfosecurity.com/blogs/madoff-got-goldmine-we-got-shaft-p-116