SEC's Mary Schapiro Says Midterm Elections Won't Affect Regulation

Mary Schapiro, chairwoman of the SEC, said she doesn't expect that the recent midterm elections will affect the overhaul of the U.S. financial regulation. As long as financial regulation bill Dodd-Frank is on the books, the SEC will enforce it, Schapiro said.

"The law's passed," Schapiro said, according to Reuters. "And while it could change, obviously, until it does, we have a responsibility to implement the law as it was passed."

Republicans took control of the House of Representatives in the midterm elections. The Republicans were largely opposed to the Dodd-Frank bill when it passed earlier in the year.