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.

Today, credit rating agencies rate companies, countries and bonds.

The SEC has actually progressively loosened up the rules and recognized the value of social media, but the goal is always going to be to get information out as broadly as possible as quickly as possible.

Minnesotans lost their jobs because the credit rating agencies didn't do the only job they're supposed to have, the only job they had, which is to give accurate, objective ratings to financial products.

Reforming PERA will strengthen and improve Colorado's all-important long term standing with credit rating agencies.

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.