The administration of government, like a guardianship, ought to be directed to the good of those who confer, not of those who receive the trust.


It’s my nature to solve problems. I tend to take a proactive approach based on the input I can get. I talk to the people involved, get the facts, and make my charge. That’s how I’ve operated as a lawyer, executive, and entrepreneur. I assumed that this kind of background would make me a great fit for the SEC. After all, the agency had a lot of problems, and coming up with solutions was one of my major strengths. And while this was indeed true, it didn’t unfold as I expected. Not in the least.

I assumed going in that the SEC was mired in excessive rules and regulations, ...

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