SEC's White: fine individuals to change culture
SEC chair tells conference there should be more personal accountability in financial services, and reveals she's keeping an eye on UK's "intriguing" Senior Managers Regime
The chair of the US Securities and Exchange Commission (SEC) has called for more punishments for individual rule-breakers at an annual gathering of global regulators in London today (June 18).
Mary Jo White, speaking at the International Organization of Securities Commissions (Iosco) 40th annual conference, said penalties for individuals and greater personal accountability should be increased to encourage companies to behave better.
"My own view – and I've been in enforcement a long time – is
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