As discussed here and here, on June 2, 2015, Sen. Elizabeth Warren wrote SEC Chair White a 13-page letter expressing her “disappointment” in various aspects of Chair White’s performance as head of the agency. Sen. Warren’s stated that her grievances fell into four key areas: (1) the SEC ‘s failure to finalize important Dodd-Frank rules requiring disclosure of the ratio of CEO pay to the median worker; (2) the SEC’s failure to curb the use of waivers for companies found to be in violation of securities law; (3) the SEC continuing to settle the vast majority of its cases without requiring that companies admit guilt; and (4) Chair White having to recuse herself in numerous cases because of her prior employment at a Wall Street defense law firm and her husband’s ongoing employment at a Wail Street defense law firm.
