Bloomberg News

White Says SEC Must Be Everywhere Even as Budget Fight Looms (1)

September 24, 2013

U.S. Securities and Exchange Commission Chairman Mary Jo White said the agency’s enforcement program will be “bold, unrelenting, but fair” in pursuing wrongdoing by companies on Wall Street and elsewhere.

“For the SEC, no company, no financial institution is too big to charge,” White said at the Bloomberg Markets 50 Summit in New York today. “If the evidence is there, and you should very aggressively pursue the evidence as far up in the chain as it will go, then you proceed.”

White, who took the SEC’s helm in April, has shifted the agency’s policy of settling cases without requiring admissions of wrongdoing. If the change leads to more litigation, White said, she’s confident the agency can prevail at trial.

It’s important that the SEC’s enforcement program cut across all market participants, White said in the interview with Bloomberg Television’s Peter Cook.

“Be everywhere you can be,” White said. “You always have to attend to making sure Wall Street and other market participants are getting a sufficiently strong message.”

To contact the reporter on this story: Joshua Gallu in Washington at jgallu@bloomberg.net

To contact the editor responsible for this story: Maura Reynolds at mreynolds34@bloomberg.net


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