At a time when lawmakers are considering rewriting financial services regulations, even restructuring the whole system, the new Securities and Exchange Commission Chairman Mary L. Schapiro is planning to prove her agency’s merit by stepping up enforcement and penalties, The Washington Post reports.

Schapiro is reportedly going to do away with a rule that requires the enforcement division to first get the permission of the SEC’s attorneys before imposing penalties on wrongdoers. Since the rule was put into place three years ago, fines levied by the SEC have fallen 85%.

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