White Confirmed As SEC Chair

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.


In Depth

bfinance: Fees Falling Across Asset Classes, Yet Overall Investor Costs Still Climbing

May 16 2017 | 9:53pm ET

Despite unprecedented attention on fees, new research from investment consultancy...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Risk-Based Compliance: Why Oversight Of Outsourcing Is Critical

May 10 2017 | 7:02pm ET

Compliance is notoriously one of the trickiest middle office functions for funds...

 

From the current issue of