Mary Jo White, who has been chosen to replace SEC Chairman Elisse Walter, vowed on Tuesday to put as top priority “bold and unrelenting” enforcement of Wall Street if confirmed to the position by the Senate Banking Committee.
White told the committee that investors need assurance that the playing field is even and that people who violate the law will be “aggressively and successfully” punished, TheTandD.com reports.
“Strong enforcement is necessary for investor confidence and is essential to the integrity of our financial markets,” White said, according to TheTandD.com.
White also said that her past ties to Wall Street would not impede her ability to perform the duties of her jobs. She is expected to win full confirmation from the Senate and panel to become the first prosecutor to lead the agency.
Previously, White served as the U.S. attorney in Manhattan from 1993 to 2002. She worked with JPMorgan Chase, Bank of America and UBS.
“Proceeding aggressively against wrongdoers is not only the right thing to do, but it will also serve to deter the sharp and unlawful practices of others who must be made to think twice—and stop in their tracks—rather than risk discovery, pursuit and punishment by the SEC,” White said, TheTandD.com reports.