1. Should Wall Street Fear Mary Jo White?

    Bloomberg Law’s Lee Pacchia talks with McDermott partner Rick Firestone, former Associate Director of the Securities and Exchange Commission’s Division of Enforcement, about Mary Jo White’s nomination to head up the SEC. Key takeaways:

    • White would be the first SEC Chair with experience as a federal prosecutor, so under her tenure the agency should continue to remain very aggressive on enforcement
    • White is not likely to end the trend of allowing defendants to settle lawsuits without admitting to wrongdoing, for practical reasons
    • On the other hand, White may well push for increased financial penalties and sanctions for SEC violations

    Watch the video, and get the full story

    [Link: Should Wall Street Fear Mary Jo White?


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