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The SEC is also probing more than two dozen municipal securities for potential fraud, public corruption and price transparency, Schapiro said.
She said confidence in the markets was critical in order for the economy to, once again, attract capital and, subsequently, deliver strong returnsand that confidence can only be restored through more stringent regulations and oversight of systemic risk: The SEC must play a central role in restoring confidence in the markets for a simple reason: Until investors believe that they are not powerless pawns in the financial markets, until they believe in the basic integrity of financial markets, they will put their money in mattresses rather mutual funds in bread boxes rather than bonds. And, that only serves to further undermine our economy, the SEC chairman said.