“The Securities and Exchange Commission is certainly looking all spiffy and new these days.
“Mary Jo White, the former federal prosecutor and Debevoise & Plimpton law partner, has taken over as chairman. She tapped her longtime deputy at the Southern District of New York and Debevoise, Andrew Ceresney, to share the hugely important job of director of enforcement with George Canellos, a longtime SEC hand.
“On paper, anyway, this team represents a vast improvement over the oft-negligent regime of the last chairman, Mary Schapiro, and her director of enforcement, Robert Khuzami. The question is whether changing the roster will actually lead to better enforcement of the rules governing Wall Street.”
Read full Bloomberg article here