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HomeMary Jo White: Next SEC Chief’s ‘Skeleton in Closet’
Posted by Larry Doyle on January 24th, 2013 11:09 AM |
News breaks this morning that President Obama will nominate Mary Jo White to be the next head of the SEC.
Who is Ms. White? A highly decorated attorney at the prestigious law firm of Debevoise & Plimpton. I would expect she might win a very easy approval to be our nation’s next top financial cop. Why so?
The spin on the nomination is that she is a former prosecutor and US Attorney for the Southern District of New York and will hold Wall Street accountable. Is that right?
Before we coronate her, I think we may want her to address what I would deem to be a ‘skeleton in her closet.’ Really? Oh yeah!
UPDATE: Who Will Be Next Head of the SEC?
Posted by Larry Doyle on January 18th, 2013 8:42 AM |
Two months ago, I inquired as to who might be our nation’s next chief financial cop, that is, the next head of the Securities and Exchange Commission.
Are we about to see a continuation of the Wall Street-Washington revolving door at work for this critically important position? How so?
A leak yesterday puts the name of Mary Jo White into the mix to head the SEC. Who is she? Is she the right person for the job? Not according to Sense on Cents Hall of Famer Gary Aguirre, who pulled no punches yesterday in asserting,
“Obama is not going to clean up financial corruption by pinning a sheriff’s badge on Wall Street’s protector-in-chief.” (more…)
Can Whistleblowers ‘Cross-Examine’ the SEC? Part II
Posted by Larry Doyle on January 10th, 2012 6:37 PM |
My commentary the other day entitled Can Whistleblowers ‘Cross-Examine’ the SEC? received a fair bit of attention and some rather interesting comments. In light of the very fluid developments within the realm of financial regulation, I strongly recommend that post.
The primary concern I raised within that commentary – and hence the title – was that a key panel at the upcoming 39th Annual Securities Regulation Institute consists solely of industry insiders. Why might that be such a concern?
Well, one of the main critiques of our financial regulatory system made by many, including Harry Markopolos, has been the revolving door between our regulators and the industry.
Why is a revolving door such a concern? Stick with me here. (more…)
