White Wants SEC Policing Modeled on Giuliani’s ‘Broken Windows’
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U.S. Securities and Exchange Commission Chairman Mary Jo White said her enforcement program will emulate the “Broken Windows” strategy used by former New York Mayor Rudy Giuliani, pursuing small violations to avert a culture where laws are treated as toothless guidelines.
“Minor violations that are overlooked or ignored can feed bigger ones,” White said at a securities enforcement conference in Washington today. “What we can do is allocate our resources in such a way so that market participants understand we are at least looking and pursuing charges in all directions.”