During his gubernatorial campaign, Mr. Cuomo proposed granting that office the jurisdiction to prosecute criminal and civil violations of campaign-finance laws.
And he said that "as a fallback" to his proposed creation of an enforcement unit at the elections board, the state attorney general's office might be used to investigate and prosecute criminal and civil violations of election laws.
The SEC already has the authority and resources it needs to pursue and to prosecute specific and credible allegations of American securities-law violations.