In a speech at the annual Securities Enforcement Forum, SEC Republican Commissioner Mike Piwowar took aim at SEC Chair Mary Jo White’s approach, based on the theory used by former New York City Mayor Rudy Giuliani that fixing broken windows and minor violations helps to deter serious crimes.
“A broken windows approach to enforcement may not achieve the desired result,” said Piwowar. “If every rule is a priority, then no rule is a priority.”
via U.S. SEC’s Piwowar takes a swing at ‘broken windows’ enforcement policy | Reuters
