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New SEC Chief Arrives with Gold-Plated Resume, but Much of Dodd-Frank Remains Unimplemented 

January 28, 2013

The appointment of Mary Jo White to head up the Securities and Exchange Commission is an attempt to make a clear and definitive statement. The Obama administration wants investors and savers to believe that it is prioritizing the policing of Wall Street during the President’s second term.

Unfortunately, with much of the landmark Dodd-Frank reforms still unimplemented, these same investors and savers remain exposed to many of the same risks that drove the financial markets to the breaking point in 2008.

White is an accomplished former prosecutor, and brings with her a serious resume including time as a US Attorney, as well as a decade defending white-collar criminals in private practice. Her knowledge of the rules of the road for both sides makes her an appealing choice for running the SEC. Many observers believe she will likely follow in the footsteps of the outgoing boss, Mary Schapiro, and make use of aggressive tactics favored by federal prosecutors.

Full Article: Forbes


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