White Promises ‘Unrelenting’ Enforcement at SEC
WASHINGTON — Mary Jo White vowed Tuesday to make “bold and unrelenting” enforcement of Wall Street a high priority if she is confirmed chairman of the Securities and Exchange Commission. White, a former federal prosecutor, says investors need to know the playing field is level and that wrongdoers will be “aggressively and successfully” pursued. “Strong enforcement is necessary for investor confidence and is essential to the integrity of our financial markets,” said White, 65, in prepared remarks to the Senate Banking Committee, which is considering her nomination. White is expected to face tough questions from senators about her decade of legal work representing some of the nation’s largest banks and corporations. But ultimately, she is expected to win confirmation from the panel and the full Senate. She would replace Elisse Walter, who has been interim SEC chairman since Mary Schapiro resigned in December, and become the first former prosecutor to lead the top regulator ...
United States: Will Regulators Give Banks And Lenders Protections From Lawsuits? - Waller Lansden Dortch & Davis
Banks have been a primary target for regulation and enforcement actions by the U.S. Government over the past few years.
Found more than 1 month ago on channel Mondaq