What Kind of Commissioner Will Mary Jo White Be?
25 January 2013:
TABB Group CEO Larry Tabb says enforcement will be Job 1 at the SEC with Mary Jo White at the helm. By selecting the former prosecutor to serve as commissioner of the regulator, President Obama is sending a clear message that the SEC will get tough with big banks and market manipulators, he adds, and the Commission may even seek confessions of guilt when enforcing the rules. But is this the best course of action for the industry? With TABB Group's Adam Sussman.
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4 Comments to "What Kind of Commissioner Will Mary Jo White Be?":
JAFO
25 January 2013
Perhaps, but let's not forget that 1) she's replacing Shapiro and not Holder and 2) in any case 5y SOL is running out. As in S&L and .COM history, real enforcement is derived from time served not shareholder earnings.
PaiGow
25 January 2013
If this RollingStones article holds any truth, does make me scratch my head a bit: http://www.tabbforum.com/news/choice-of-mary-jo-white-to-head-sec-puts-fox-in-charge-of-hen-house
JAFO
25 January 2013
On 2nd thought, Mary Jo is no Jedi.
ltabb
25 January 2013
really interesting story. maybe it will be a horse race between the defender of wall street (the woman who kept John Mack out of jail) and the crusading prosecutor who needs to show that she doesn't show favorites and lock a CEO in prison. Could be very interesting.
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