Most important, at the confirmation hearing Ms. White will have to explain her own goals, values and motives in taking the top S.E.C. job, including her regulatory priorities and her specific views on pending rules, including the Volcker rule to constrain bank speculation and rules on executive pay.
Her qualities of toughness, tenacity and aggressiveness are just what the S.E.C. needs in a leader. The overarching question she must be asked — and that she must answer — is how she will use those qualities to advance the S.E.C.’s mission, which is to protect individual investors by ensuring that markets are transparent, well regulated and vigorously policed.
‘Enforcement 40’ for 2020
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