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Democratic Sen. Warren slams SEC chief's record

The top US securities regulator came under fire Tuesday from influential Democratic Senator Elizabeth Warren, pictured on May 12, 2015, for soft treatment of big banks and for moving slowly to implement a controversial executive pay ruleThe top US securities regulator came under fire Tuesday from influential Democratic Senator Elizabeth Warren for soft treatment of big banks and for moving slowly to implement a controversial executive pay rule. Warren said Mary Jo White, the chair of the Securities and Exchange Commission, has been “extremely disappointing” in her first two years in the job. “The public relies on the SEC to act as the cop on the beat for an honest marketplace,” Warren said in a 13-page letter to White.

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