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Tuesday, April 9, 2013

Senate Confirms White as SEC Chairman

The Senate yesterday confirmed by voice vote the nomination of Mary Jo White to be SEC chairman. The Senate Banking Committee approved White’s nomination by a 21-1 vote on March 19.

She succeeds Elisse Walter, an SEC commissioner who temporarily moved into the agency’s top post in December after Mary Schapiro stepped down as chairman. White, 65, a partner at the New York-based Debevoise & Plimpton law firm, served from 1993 to 2002 as U.S. attorney for the Southern District of New York.

In that job, she prosecuted white-collar criminals, insider traders, drug traffickers and terrorists, including those involved in the 1993 World Trade Center attack and the 1998 bombings of two U.S. embassies in Africa.

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