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Mary Jo White sworn in as US SEC chair

Tuesday, 18 June 2013
Mary Jo White sworn in as US SEC chair Mary Jo White was sworn in this morning as the 31st Chair of the United States' Securities and Exchange Commission. White was nominated to be chair by President Obama in early February this year, and her appointment was confirmed by the US Senate on April 8th. http://www.ftseglobalmarkets.com/

Mary Jo White was sworn in this morning as the 31st Chair of the United States' Securities and Exchange Commission. White was nominated to be chair by President Obama in early February this year, and her appointment was confirmed by the US Senate on April 8th.

White specialised in prosecuting complex securities and financial institution frauds and international terrorism cases when she served as the US Attorney for the Southern District of New York from 1993 to 2002. Under her leadership, the office earned convictions against the terrorists responsible for the 1993 bombing of the World Trade Center and the bombings of American embassies in Africa. 

White is expected to be a tough chair and will likely pursue strict adherence to the plethora of new laws affecting the US financial markets in the wake of Dodd Frank.  Her immediate predecessors, such as Mary Schapiro, showed themselves to be adept litigators, encouraging the SEC, which had faltered for years as an effective regulator under the previous Republican administration, to finally bear its teeth. Expect no let up in pace from White.

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