SEC Commissioner Takes On 'Too Big to Bar'

SEC Commissioner Kara Stein goes public with her criticisms of the SEC's light-on-crime approach to banks.
Kara Stein has had enough. Photographer: Andrew Harrer/Bloomberg

Kara Stein, one of the newest members of the Securities and Exchange Commission, has issued a must-read public statement explaining a dissenting vote she cast that goes to the heart of the debate over how to punish too-big-to-fail financial institutions that repeatedly break the law.

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