Mary Schapiro, the chairman of the Securities and Exchange Commission, on Thursday promised to strengthen oversight of investment managers, ramp up shareholders’ rights, and said she would consider bringing back the controversial “uptick” rule in the coming months as she outlined a wide-ranging agenda for the beleaguered regulator.
She also emphasised the importance of the SEC as the only government agency “responsible for both protecting investors and promoting capital formation,” saying its role should not be compromised in any regulatory revamp, including one that led to the creation of a single entity to manage overall financial systemic risk.
