Securities and Exchange Commission Chairman Mary Schapiro told CNBC Wednesday the regulatory agency still has a "full pipeline" of civil actions resulting from 2008's financial crisis in which Lehman Brothers went bankrupt.
"You’ll continue to see cases coming out of the financial crisis from the SEC utilizing the full extent of our civil enforcement authority. It's not over yet," she said. She did not give details about the coming actions.
She would not say whether the agency did enough to prevent the crisis, but since the Lehman bankruptcy the SEC has "brought more than 70 matters against individuals and firms coming out of the financial crisis." The SEC has also collected "some very large fines."
That doesn't mean the agency has adequate funding at a time when the Dodd-Frank law, a year old today, requires the SEC to write 90 or so regulations involving compliance and oversight of the financial industry.
"We have really broad responsibilities under Dodd-Frank, so we try to stay focused" and look for the "least burdensome way to achieve the goal Congress set out," she said.