If Elizabeth Warren Is Already Angry at Mary Jo White, Wait Until She Hears About This
By Pam Martens and Russ Martens
Posted June 18, 2015
Earlier this month, Senator Elizabeth Warren was so exasperated with the obstructionist role that Mary Jo White has played at the SEC that she sent her a sternly worded, 13-page letter calling her out on her serial broken promises.
Senator Warren highlighted White’s failure to finalize rules requiring disclosure of the ratio of CEO pay to the median worker; her failure to curb the use of waivers for companies that violate securities law; the SEC’s continued practice of settling the vast majority of cases without requiring meaningful admissions of guilt; and White’s repeated recusals related to her prior employment and her husband’s current employment at law firms representing Wall Street. More…