Serving as acting chairman of a federal agency is the Washington equivalent of being all dressed up with nowhere to go. The temporary position doesn’t entail much aside from keeping the seat warm until the new boss arrives.
But that’s not how the acting chairman of the U.S. Securities and Exchange Commission, Michael Piwowar, sees it. While President Trump’s permanent SEC chairman nominee, Jay Clayton, awaits his Senate hearing, Piwowar is taking full advantage of his temporary powers.
‘Enforcement 40’ for 2020
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