M E M O R A N D U M
To: Reporters and editors
Re: SEC chairman nomination
Da: Thursday, January 24, 2013
Sen. Chuck Grassley of Iowa today made the following comment on the President’s plan to nominate Mary Jo White as chairman of the Securities and Exchange Commission. As ranking member of the Judiciary Committee, Grassley tracks government agency enforcement of financial fraud.
“The SEC has had some notable enforcement cases lately. I hope the next chairman will continue that trend. Having an SEC chairman with extensive prosecutorial experience can be a good thing. With the Justice Department repeatedly giving large financial institutions a pass on prosecutions, the SEC is the last line of defense for individual investors. Whistleblowers continue to play an important role in SEC enforcement efforts, and it will be important to determine Ms. White’s experience in working with and cultivating cooperation from Wall Street whistleblowers.”