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SEC Watch

Making Them Pay (and Confess)

"Mary Jo White will have a long to-do list at the Securities and Exchange Commission.

"By nominating Ms. White, a former federal prosecutor, to head the S.E.C. last week, President Obama appeared to send a message that Washington was finally going to get tough with financial wrongdoers. Tough enforcement has been pretty much AWOL on his watch. Maybe Ms. White can change that with a new, aggressive approach.