Now, data shows that during the first months of the Trump administration, the agency may be scaling back those efforts. The reports may reflect little more than a temporary pause as leadership transitioned from White to Jay Clayton, a former Wall Street lawyer, who took over in May. “I want to address one question that we have received a lot,” Stephanie Avakian, co-director of the SEC enforcement division, said in a recent speech. “That is, whether our enhanced retail focus means that we are allocating fewer resources to financial fraud and policing Wall Street. The premise that there is a trade-off between Wall Street and Main Street enforcement is a false one.”

Source: Washington Post November 23, 2017 13:49 UTC