Press Release 2016-128, Merrill Lynch to Pay $415 Million for Misusing Customer Cash and Putting Customer Securities at Risk (Jun. 2, 2015), available at https://www.fca.org.uk/news/speeches/learning-lessons-past-industry; Martin Wheatley, Chief Executive, U.K. Fin. These programs provide important forums for sophisticated dialogue on critical white collar enforcement issues, which have an increased prominence post-financial crisis. As an amateur, he played basketball at the University of Kansas and represented the U.S. men's basketball team during the 1968 Summer Olympics. [43] His jersey was retired by the Kansas Jayhawks in 2003. I was getting up and being sick all morning and having to spend the afternoon in bed.”. As we have adopted new rules to address various market structure issues, the Commission, through the work of our Enforcement Division, has also been quick to bring actions to show that we take these new requirements seriously and to positively influence market participants to correct troublesome market practices. [60] For example, in the United States, the doctrine of the responsible corporate officer has been used to hold senior officers who had authority to prevent or correct a violation criminally liable even absent a showing that that they were aware of the wrongdoing. [26] White made the All-NBA rookie team during the 1970 season. As a professional, he is best known for his ten-year stint with the Boston Celtics of the NBA, where he led the team towards two NBA championships and set a franchise record of 488 consecutive games played. [14] The team was not expected to win the gold medal due to many future Basketball Hall of Fame players either declining to participate (e.g. Our reasoning for presenting offensive logos. 1 Twitter 2 Facebook 3RSS 4YouTube This sort of blunt and bold transparency – a familiar tool for many prosecutors – drives home to parties in our crosshairs that we are ready, willing, and able to litigate the case – and win. Indeed, regulators and prosecutors worldwide are especially struggling with how best to deter what seems to be a persistent, post-financial crisis pattern of corporate wrongdoing at our major financial institutions. In response to this initiative, the Financial Reporting and Audit Task Force was created – now a permanent group in Enforcement – and the Division as a whole soon opened new and important financial reporting cases in every office, calling on the talented attorneys and more than 100 skilled accountants in the Division to build these cases. [38] Id. [45] He also joined the 2013 class of the St. Louis Sports Hall of Fame. On November 18, 2016, PCCE and the NYU Pollack Center for Law and Business co-sponsored an address by the Chair of the United States Securities and Exchange Commission, Mary Jo White. “Tough, but fair,” a label that has sometimes been applied to me,[4] is what we strive for at the SEC, even as we have become bolder and more effective with our new approaches. Administrative proceedings offer a fair and efficient way to determine liability for potential violations through streamlined proceedings ultimately adjudicated by the Commission and reviewable by a Court of Appeals. [34] Merrill Lynch Market Access Rule, supra note 33.