SEC Taking The 'Tough Cop' Approach, Mary Jo White Says

Law360, Washington (October 9, 2013, 5:04 PM EDT) -- The U.S. Securities and Exchange Commission wants capital markets participants to know it's watching them closely for potential wrongdoing and no alleged illegal activity is too small to draw regulatory scrutiny, agency chairman Mary Jo White said Wednesday in a speech in Washington.

White said the agency has adopted a “tough cop" approach to policing the securities markets, referring to the "broken windows" strategy of former New York city mayor Rudy Giuliani, who emphasized policing both small crimes, such as vandalism, and more serious crimes to...
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