Occupy the SEC has released one of its characteristically well-though-out and documented letters, in the form of questions it would like to see raised during the Senate hearings on the nomination of Mary Jo White to head the SEC.
While individuals who have worked with White and are tough-minded about bank reform, most notably Neil Barofsky and Dennis Kelleher of Better Markets, are enthusiastic supporters of White, she has spent enough time in the private sector to raise legitimate concerns about whether she has become intellectually captured. Moreover, her history in working for the last ten years on behalf of large companies may also create such a thicket of conflicts of interest as to hamstring her ability to operate effectively, even if she is serious about compliance and enforcement. The letter also asks White to explain in some detail the incident that many have flagged as troubling, the manner in which she intervened at the SEC on behalf of Morgan Stanley CEO John Mack when he was under investigation for insider trading.
I encourage you read the letter in full.