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Hensarling to SEC Chair: Don’t let the door hit you ...

Joe Mont | January 20, 2017

What were you expecting, flowers and a big hug? As Securities and Exchange Commission Chair Mary Jo White was winding down her final hours at the agency, House Financial Services Committee Chairman Jeb Hensarling (R-Texas) slammed her for recent comments.

In a Jan. 17 speech, her last as chairman, White expressed her concern with efforts to either sidetrack or water down the Commission’s mission. She blasted political gamesmanship, ongoing partisan bickering, and current legislative efforts that could erode the agency’s independence and “cripple” both regulatory and enforcement efforts.

“We have been accused of both gutting regulation and suffocating the market with too much of it,” she said. “A few have attacked us for letting the crooks off with a slap on the wrist, while others say we are too tough or have targeted others...

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