The Securities and Exchange Commission's new leader, Mary Jo White, will bring her years of experience as a federal litigator before the fund industry this week as its members try to judge whether she will propose reforms that could cripple the marketplace.

White is scheduled to appear on the last day of Investment Company Institute's General Membership Meeting, which begins Wednesday, May 1. At 8 a.m. Friday, the SEC chair will deliver her first speech to fund managers, who are waiting to see if she will follow in her predecessor's footsteps and push for hardnosed reforms of the $2.7 trillion money market mutual fund industry.

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