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Sec, Wall Street.
The U.S. Senate on Monday confirmed former federal prosecutor Mary Jo White as the new head of the U.S. Securities and Exchange Commission, the agency tasked with policing Wall Street and writing new rules of the road for financial markets.
After Mary Miller, a senior Treasury Department official, removed her name from consideration, Sallie L. Krawcheck, a long-time Wall Street executive, has emerged as a potential front-runner to head the Securities and Exchange Commission.
A discarded laptop found in the garbage has turned out to be a treasure trove of new information about the only lawsuit the SEC has brought over Wall Street’s mortgage debacle.
Tighter budgets at the U.S. Securities and Exchange Commission could mean killing vital technology upgrades needed to catch swindlers, the agency's chief said on Friday in a blunt appeal for more funding.