Saturday, 25 June 2016
Last updated 19 hours ago
Apr 9 2013 | 9:28am ET
The U.S. Senate yesterday unanimously confirmed former federal prosecutor Mary Jo White as chairman of the Securities and Exchange Commission.
White was approved to serve out the remainder of Mary Schapiro's term, which expires in 2014. Schapiro left the SEC in December and was replaced, on an interim basis, by Elisse Walter.
White spent nearly a decade leading the U.S. Attorney's Office in Manhattan. Sine then, she's worked at law firm Debevoise & Plimpton.
White was expected to start work today and could make her public debut tomorrow during an SEC hearing. While her appointment appears designed to indicate the Barack Obama administration's plans to get tough on white-collar crime, White isn't expected to speed up the rule-making process, which is still working to implement a number of new regulations mandated by the Dodd-Frank law and last year's JOBS Act.