In its municipal bond fraud case against the City of Miami, White said the SEC's insistence on admissions helped send the case to trial, and the jury later handed the SEC a victory.
If she has one regret, she says, it is that the SEC has yet to harmonize disjointed rules governing financial advisers, who are fiduciaries who must act in their clients' best interest, and brokers, who are held to a lesser standard.
This story was provided by Reuters.