กระเป๋าเป้ nike Stumpf (not pictured) during his testimony before a Senate Banking Committee hearing on the firm's sales practices on Capitol Hill in Washington, U.S., September 20, 2016. REUTERS/Gary Cameron' align='left' /> Senator Elizabeth Warren (D-MA) questions Wells Fargo CEO John Stumpf (not pictured) during his testimony before a Senate Banking Committee hearing on the firm's sales practices on Capitol Hill in Washington, U.S., September 20, 2016. REUTERS/Gary Cameron By Lisa Lambert | WASHINGTON WASHINGTON U.S. Senator Elizabeth Warren, a proponent of strong financial regulation, turned up the heat on the country's top securities regulator on Friday, urging President Barack Obama to fire Securities and Exchange Commission Chair Mary Jo White. Warren, a Democrat, has often criticized White in the past, but this was the first time she has called for her ouster. She made the call in a 12-page letter to Obama, saying she was exasperated with the SEC's stalled work on a rule to require corporations to disclose money they contribute to political campaigns. White "has refused to develop a political spending disclosure rule despite her clear authority to do so, and despite unprecedented and overwhelming investor and public support for such a rule," she wrote. She added that White was undermining Obama's priorities, failing to uphold the SEC's investor protection mission, and not carrying out mandates passed by Congress in the wake of the 2007-09 financial crisis. The Republican-dominated Congress last year included a provision in its budget bill that bars the SEC from requiring companies to disclose political contributions. It included the ban in its recent stopgap spending bill and Democrats are fighting to keep it out of the full budget bill Congress must pass in December. The letter, sent weeks before the Nov. 8 presidential election, did not persuade Obama, a fellow Democrat.
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