Apex Engineering: Accident ReconstructionForensic Engineering Product Liability
The Paramus Post - Greater Paramus News and Lifestyle Webzine
Sunday, August 31 2014 @ 06:31 AM EDT
Advertise Your Business - Tageting Bergen, Passaic Counties and North Jersey
Share

AFR In Response To The President’s Nomination Of Mary Jo White As Chair Of The Securities And Exchange Commission:

Americans for Financial Reform released the following statement in response to the President’s nomination of Mary Jo White as chair of the Securities and Exchange Commission:

The President’s nomination of Mary Jo White to serve as SEC chair moves forward with filling a set of critical regulatory positions. We are encouraged by the possibility of a commitment to toughened oversight of Wall Street and enforcement against financial crimes. We also note significant obstacles to such action, including the political power of the major banks and the “revolving door” between regulatory agencies and the financial world. Ms. White herself is a tough and expert former prosecutor. But she is also currently employed as a defense attorney for major Wall Street banks.


The agency Mary Jo White has been nominated to lead has huge policy-making tasks before it. It has fallen behind (further behind than other agencies such as the CFTC) in finalizing important rules on derivatives, executive compensation, investor protection, and other areas. These rules are badly needed in order to make the financial system safer. The SEC also faces the politically delicate but vitally important task of incorporating basic investor protections into the rules for carrying out the recently passed JOBS Act.
Wall Street special interests have opposed tough rules every step of the way. We need leadership at the SEC that will resist that pressure and move swiftly forward with rules that effectively protect the markets and investors. We look forward to learning more about Mary Jo White’s commitment to this task.

comments powered by Disqus

Adsense R01 300x250

Home Sidebar Ad 1

Top 10 Stories in 30 Days

Top 10 Stories in the last 30 Days

Adsense R02 300x250

Text Sponsor Ads

Trinity Presbyterian Church
Join the purpose driven church exercising faith, hope, and love because nothing else matters...
www.TrinityFamily.org
Spivak Lighting
Lamp Repairs, Chandeliers, Track Lighting, Outdoor Lamps, Recess Lighting, Paddle Fans, Consultation
www.spivaklighting.com
StoneMicro Web Technologies
Dynamic Website Development, Content Management System, Blogs, Web design, Web hosting services
www.StoneMicro.com
Sponsor ParamusPost

Popular tags at this site

Error in PHP Block. Function, phpblock_tag_cloud, does not exist.