Sen Warren urges Obama to remove Mary Jo White as SEC chair
Antonio José Vielma | @AJ_Vielma
3 Mins Ago
Elizabeth Warren sent a letter to President Barack Obama on Friday, urging him to replace Mary Jo White as head of the Securities and Exchange Commission.
In her letter, Warren pressed her call for the SEC to develop a political spending disclosure rule, something she said White has refused to do.
Such a rule would force companies to disclose their political contributions, thus increasing transparency for investors.
"Chair White's refusal to move forward on a political spending disclosure rule serves the narrow interests of powerful executives who would prefer to hide their expenditures of company money to advance their own personal ideologies," Warren said.
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http://www.cnbc.com/2016/10/14/sen-...esident-obama-to-designate-new-sec-chair.html
Antonio José Vielma | @AJ_Vielma
3 Mins Ago
Elizabeth Warren sent a letter to President Barack Obama on Friday, urging him to replace Mary Jo White as head of the Securities and Exchange Commission.
In her letter, Warren pressed her call for the SEC to develop a political spending disclosure rule, something she said White has refused to do.
Such a rule would force companies to disclose their political contributions, thus increasing transparency for investors.
"Chair White's refusal to move forward on a political spending disclosure rule serves the narrow interests of powerful executives who would prefer to hide their expenditures of company money to advance their own personal ideologies," Warren said.
...
http://www.cnbc.com/2016/10/14/sen-...esident-obama-to-designate-new-sec-chair.html