SEC Boss Mary Jo White Should Be Stepping Up the Fight, Not Stepping Down
Publisher
MarketWatch
Date
2016-11-15
Mary Jo White has announced she will step down as Securities and Exchange Commission chairwoman in January, with two years left in her term. The SEC will then have three of its five seats vacant, meaning the new administration will have a blank check to stack it with commissioners uninterested in accountability to investors or the public.
Critics on the left have argued that Commissioner White didn't do enough to toughen SEC enforcement after the financial crisis. Settlements with banks that permitted them to “neither admit nor deny” liability have been discouraged on her watch, but they didn't disappear.
Citation
Brandon L. Garrett, SEC Boss Mary Jo White Should Be Stepping Up the Fight, Not Stepping Down, MarketWatch (November 15, 2016).