The U.S. Securities and Exchange Commission’s courtroom victory over ex-Goldman Sachs Group Inc. (GS) employee Fabrice Tourre is helping the agency turn the page on years of criticism that it isn’t holding Wall Street to account.
The win adds weight to pledges by SEC Chairman Mary Jo White to reinvigorate the regulator, seeking more onerous settlements in some cases and, if necessary, taking them to trial. It also could bolster support for a 27 percent budget increase for the agency that Congress is considering.
via Tourre Case Buoys SEC as Congress Weighs Funding – Bloomberg
