Enforcement. That was the key idea for SEC chairwoman-designate Mary Jo White in her testimony in front of the Senate Banking Committee.

She said enforcement of rules would be "bold and unrelenting," under her watch, according to a Reuters report.

"Proceeding aggressively against wrongdoers is not only the right thing to do, but it also will serve to deter the sharp and unlawful practices of others," White said, according to reporter Sarah N. Lynch.

White also said the SEC needs to up its game on issues like high-speed trading.

"There must be a sense of urgency brought to addressing these issues to understand their impact on investors and the quality of our markets so that the appropriate regulatory responses can be made," she said.

For more details, check out the original article here.  

Edited by: Ben Geier


Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE