If the Senate confirms Mary Jo White as head of the Securities and Exchange Commission, she’ll be missing a lot of the enforcement tools readily available to her during her near-decade as U.S. attorney in Manhattan.
The threat of long-term prison sentences won’t be an option because the SEC handles only civil cases. Wiretaps, search warrants, undercover operations and grand-jury investigations are also out of the question…. But that doesn’t mean that the agency doesn’t have plenty of muscle to flex.
via For SEC nominee Mary Jo White, a shift in enforcement strategy – The Washington Post
