Mary Jo White is an excellent nominee to keep the Securities and Exchange Commission on the same path it has been following for the last four years. Unfortunately for Corporate America, that path is actually twofold: vigorous enforcement of securities law on one hand, and uncertainty about everything else on the other.
Now, I don’t have much sympathy for those complaining about vigorous enforcement of the law. The SEC’s paramount mission is investor protection, after all, and enforcing the law reassures investors that the capital markets are a safe place to conduct business.
