Earlier this week SEC Chair Mary Jo White announced that she will soon be leaving the SEC.
As the head of the SEC since April 2013, White obviously had a lot on her plate and thus judging her tenure through the lens of the Foreign Corrupt Practices Act and related issues is a bit too narrow.
Nevertheless, as SEC Chair White did frequently speak about the FCPA and related issues and the SEC does maintain an FCPA Unit (one of only five specialized units at the SEC). Thus, judging her tenure with reference to the FCPA is warranted.
In this regard, this post highlights the many ironies of White’s tenure at the SEC. Some of the issues discussed below certainly pre-date White’s tenure at the SEC, yet as Chair the issues continued under White’s leadership.