to see up to see chairwoman then she thought emerge the two and of course we're talking about mary shapiro she would shortly join the ne is steven rise through the ranks in part during the bernie made us tenure there to become its chairwoman and c.e.o. and apparently fond of industry mergers she presided over the hook up between the and the new york stock exchange to become what is known as finra then back to the top spot at the city where she reversed her stance against deregulation but the late on implementing jobs act in money market reforms well she recently cashed good heading to the top shadow regulator problem and tory financial group and what timing because they would soon. in the public spotlight for their role in the botched independent foreclosure review. very cool and we have one a quick important announcement to make you make it all right we will be at the big quins conference this weekend and we will be talking with some of the top people in the big coin and we will be reporting on it next well you boarding in san jose california i think i do. it was quite the revealing day o

in well mary shapiro's said that she did not want to be tagged with an investor legacy and then saw her interim business and her interim chairwoman comes and she's dragged in front of congress and congress says to her why are you dragging your feet and then we have this new chairman and she's this new chairwoman says that well we have to do this now so suddenly it's in the balls court of the f.c.c. to implement these new rules and this has to do with the creation of an opportunity for business to raise capital that in the private markets through general solicitation there's a lot of questions with this rule so we will say that mary jo white once opposed the rules through and then deal with investor protections later however i don't know if the rule. protects investors or not well that's and that's up for debate because the funny thing about this rule is that when it comes to raising capital in the private markets when you have a general solicitation you can advertise on the company's website you can advertise in print but this doesn't necessarily mean that the protections will be af

step down now that area has come in well mary shapiro's said that she did not want to be tagged with an investor legacy and then so her. position comes and her interim chairwoman comes and she's dragged in front of congress and congress says to her why are you dragging your feet and then we have this new chairman and she's this new chairwoman says that well we have to do this now so suddenly it's in the balls court of the f.c.c. to implement these new rules and this has to do with the creation of an opportunity for business to raise capital that in the private markets through general solicitation there's a lot of questions with this rule so we will say that mary jo white once opposed the rules through and then deal with investor protections later however as. i don't know if the rule even protects investors or not well that's and that's up for debate because the funny thing about this rule is that when it comes to raising capital in the private markets when you have a general solicitation you can advertise on the company's website you can advertise in print but this doesn't necessaril

in its defense it's all leadership change mary mary shapiro step down now there you know why it's come in well mary shapiro's said that she did not want to be tagged with an investor legacy and then so her interim position comes and her interim chairwoman comes and she's dragged in front of congress and congress says to her why are you dragging your feet and then we have this new chairman and she's this new chairwoman says that well we have to do this now so suddenly it's in the balls court of the f.c.c. to implement these new rules and this has to do with the creation of an opportunity for business to raise capital that in the private markets through general solicitation there's a lot of questions with this rule so we will say that mary jo white once opposed the rules through and then deal with investor protections later however i don't know if the rules even. well that's that's up for debate because the funny thing about this rule is that when it comes to raising capital in the private markets when you have a general solicitation you can advertise on the company's website for ties an

have heard bloomberg broker dealer operations are regulated by that the this is the very agency mary shapiro just left when she joined prominent tory last month. and speaking of the.

have heard bloomberg broker dealer operations are regulated by that the this is the very agency mary shapiro just left when she joined province story last month. and speaking of the as you see it we're now targeting exchanges the broker dealer regulators for alleged violations of their policing duties the market as you may recall to see a meager was and the global front line regulator they conducted a mini audit just before john corazon blew up the firm now the f.c.c. is targeting the nasdaq exchange because of the botched i.p.o. facebook last year we're expecting to see a record settlement soon but it will likely have to be approved by a total board and finally apple c.e.o. tim cook released details of his new corporate tax reform plan ahead of his trip to congress next tuesday as we covered yesterday apple currently holds over one hundred million dollars in cash and investments on overseas profits they recently conducted several large bond offerings to get around tax laws now whether you agree with apple strategy or not this will be a heavily watched of them and there are trillions of glob

bloomberg broker dealer operations are regulated by that that you see this is the very agency mary shapiro just left when she joined province story last month. and speaking of the as you see it we're now targeting exchange it the broker dealer regulators for alleged violations of their policing duties of the market as you may recall to see a meager board and the global front line regulator they conducted a.

the bloomberg broker dealer operations are regulated by that do you see this is the very agency mary shapiro just left when she joined promissory last month. and speaking of the as you see it we're now targeting exchanges the broker dealer regulators for alleged violations.

mary shapiro she didn't want to and harriet's. an anti investor legacy so she's kind of left it to you who's now taking over her role mary jo white it looks like she wants to move forward but when can we see implementation i think by delaying this she already has inherited an anti investor legacy because investors are shut out that you can buy you could buy a gas station for instance on e bay but you can't get that gas station wanted to sell to a group of people or investors you know they have to go through all this red tape so what a way it's simplifying what's already there of the crowdfunding that you can do with donations this would allow simply allow you to do that with the possibility of an end but invest of an investor return so i mean yes you're always taking a risk you're taking a risk when you put. a lot with a lot of with a lot of things that live you're taking a risk when you buy a big company you have a big big bank but if this if there is disclosure if. you know simplify disclosure i think investors should be allowed

bloomberg broker dealer operations are regulated by the ad that you see this is the very agency mary shapiro just left where she joined province story last month. and speaking of the as you see it we're now targeting exchange.

shapiro is live at that event. >> first, as we are speaking, cheryl sandberg is actually on stage. she is talking about her book. before she spoke, we were hearing from mary phone penetration is at 21%. tim cook addressed the situation with samsung last night. they have sold 42 million ipads. all of that money that they are raising drew attention from congress, of course. here is how tim cook responded to that accusation last night. >> i think for multinational, the right approach would be simplicity. none of us could read it and make sense out of it. >> the date team here is mobile first. now it is the rise of mobile technology and monetizing that and making money. lisa jackson joining apple. back to you. connell: thank you. their conference ran by our friend walt mossberg. dennis kneale and cheryl casone will be up next. the response to a major cyber attack could very well be on the ground. we will also talk about jcpenney who cannot catch a break. this billboard of a teakettle, apparently, a lot of people think it looks like hitler. great. just what jcpenney needed. more markets now on a down day for the markets.in ♪ [ babies crying ] surpse -- your ho