SEC’s Newest Republican Emerges as One-Woman Party of ‘No’

SEC Commissioner Hester Peirce has a penchant for saying, “No,” when it comes to her agency’s enforcement work.

The Securities and Exchange Commission’s newest Republican has emerged as the right-leaning body’s biggest contrarian since she arrived in January and started voting on cases the agency’s Division of Enforcement recommended the SEC bring or settle in-house, according to a Bloomberg Law analysis of SEC records. Peirce opposed more of these enforcement actions in part or in full than her four fellow commissioners did during her first four months in office. She often has stood alone on those votes and against Chairman ...