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Will Trump SEC End ‘Broken Windows’ Cases Against Advisors and Brokers?

With SEC Chair Mary Jo White’s announcement that she will step down at the same time President Barack Obama leaves office in January, there has been much speculation about whether Chair White’s policy of pursuing minor, “broken windows” type violations will be turfed out.

That “broken windows” approach was evident in an SEC opinion issued last month against a small investment adviser and its two principals imposing a combined $150,000 penalty for purported conflicts of interest—despite the fact that there was no harm to investors and no benefit to the adviser.


This article was originally published in Think Advisor