Trump’s SEC Likely To Shrink Back Where White’s Expanded
Law360, New York (November 16, 2016, 11:19 PM EST) -- U.S. Securities and Exchange Commission Chair Mary Jo White’s signature policy of demanding admissions in cases of egregious fraud will likely remain when she steps down in January, but experts said her eventual replacement will probably pull back from her "broken windows" enforcement style and slow the agency’s rulemaking flow.
White announced Monday that she will leave the agency when President Barack Obama leaves office, concluding a tenure marked by an aggressive enforcement policy and a significant expansion of the SEC’s regulatory framework. According to former SEC enforcement officials and other experts, her departure could bring significant changes to the agency,...
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