Outgoing SEC Chief Raises Concern With Trump, Defends Agency

By Andrew Ramonas, Bloomberg BNA

Mary Jo White, the outgoing chairman of the Securities and Exchange Commission, today said she “very much” has concerns about whether Donald Trump’s incoming administration may “weaken or even reverse” the SEC’s response to the 2008 financial crisis.

White, who is set to step down before Trump takes office Jan. 20, said the agency’s independence is necessary to ensure investors are protected, even if its work draws criticism from interest groups.

“The present moment is a delicate one,” White said in remarks prepared for delivery at The Economic Club of New York.

“The post-crisis Commission ...