U.S. Senator Elizabeth Warren railed against Securities andExchange Commission (SEC) Chair Mary Jo White's performance, sayingher tenure at Wall Street's top regulator has been marked by weakenforcement and sluggish rulemaking.
“Your leadership of the commission has been extremelydisappointing,” Warren, a Massachusetts Democrat, wrote in a letterdated June 2.
White has come under increasing scrutiny in recent months as theagency struggles to finish rules that were required by Congressmore than five years ago. According to Warren, White has continueda pattern of letting banks settle fraud cases without admittingwrongdoing and with little disruption to their businesses.
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