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Warren: SEC Chair’s Tenure ‘Extremely Dissapointing’

Joe Mont | June 2, 2015

Back in 2013, when he nominated Mary Jo White to head the Securities and Exchange Commission, President Barack Obama praised his pick’s zeal and fortitude. “You don’t mess with Mary Jo,” he said. Well, somebody didn’t relay that message to Sen. Elizabeth Warren (D-Mass.).

Warren initially shared the President’s high hopes that she would be “the strong leader the SEC needs” and a “tough watchdog for the American people.” Things have certainly changed. In a 13-page letter she wrote to White on Tuesday, however, her tenure is described as “extremely disappointing” and full of “broken promises.” "I voted for your nomination despite my concerns about your lack of experience as a regulator," Warren wrote. "I am disappointed by the significant gap between the promises you made during and shortly...

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