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Bailey McCann, Opalesque New York: SEC Chair Mary Jo White, after nearly four years as the agency’s head, today announced that she intends to leave at the end of the Obama Administration. White has recently come under fire from Democrats including Elizabeth Warren for failing to move fast enough on certain rules.
Over her tenure as leader the Commission advanced more than 50 significant rulemaking initiatives and brought more than 2,850 enforcement actions. The SEC collected more than $13.4 billion in penalties and sanctions as a result of those actions and charged over 3,300 companies and over 2,700 individuals.
However, much of that work could be undone in a new Trump administration. The House Financial Services Committee passed Chairman Jeb Hensarling’s Financial Creating Hope and Opportunity for Investors, Consumers and Entrepreneurs Act out of committee and it is likely to become law under President Trump. That law would substantially reverse or rollback many of the regulations included in Dodd-Frank and would alter the makeup of the Consumer Financial Protection Bureau.
White also serves as a member of the Financial Stability Oversight Council and on several other domestic and international organizations, including the International Organization of Securities Commissions, the Financial Stability Board, the International Financial Reporting Standards Foundation Monitoring Board, the Financial and Banking Information Infrastructure Committee, and the Fed...................... To view our full article Click here
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