SEC looks to reassure investors (Reuters)

looked to reassure investors on Friday that they would reinvigorate the agency's policing of Wall Street , improve the quality of credit ratings and said they expect to bring more cases against mortgage fraud .

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"I like to tell the staff we are going to act like our hair is on fire," newly installed SEC Chairman Mary Schapiro told reporters in Washington, two days after a congressional hearing slammed the agency for not uncovering Bernard Madoff's alleged $50 billion fraud. Schapiro announced she had already ended a Bush administration program that made it harder for SEC lawyers to negotiate settlements with companies.

Full Story: SEC looks to reassure investors (Reuters)