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Note to New S.E.C. Chief: The Clock Is Ticking

"AFTER receiving unanimous support from the United States Senate, Mary Jo White was confirmed last week as the new head of the Securities and Exchange Commission. At her swearing-in, she praised S.E.C. officials for “vigorously enforcing the securities laws.”

"Doubts remain, however, about how potent the S.E.C.’s enforcement has been, especially in the aftermath of the mortgage  mania. So Ms. White has some work to do.