A top U.S. Securities and Exchange Commission official said on Tuesday the agency's "broken windows" enforcement strategy, of pursuing violations big or small, hinders its ability to set priorities and maintain robust, healthy markets. In a speech at the annual Securities Enforcement Forum, SEC Republican Commissioner Mike Piwowar took aim at SEC Chair Mary Jo White's approach, based on the theory used by former New York City Mayor Rudy Giuliani that fixing broken windows and minor violations helps to deter serious crimes. "A broken windows approach to enforcement may not achieve the desired result," said Piwowar. "If every rule is a priority, then no rule is a priority." White, an independent appointed by President Barack Obama, unveiled her plans to apply the "broken windows" theory to the SEC's enforcement program in a speech at the same conference last year. In that speech, she said it was important to go after the more minor violations, because small ones "can feed bigger
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