It’s official: The Senate on Monday confirmed former federal prosecutor Mary Jo White as the new head of the Securities and Exchange Commission, Reuter reports.
White was nominated in January by President Barack Obama to replace outgoing SEC Chairman Mary Schapiro, who recently found a new home at Promontory Financial Group.
ICI President and CEO Paul Schott Stevens voiced optimism in working with the newly-minted SEC Chairman. “Her long experience and notable accomplishments as an advocate for the public interest will serve her well in her new role as SEC Chair, carrying out the agency’s vital missions of protecting investors and overseeing our capital markets. We look forward to working with her,” he said, in a statement.
Next up for White? A litany of regulatory issues including money fund reform, valuation guidance and exchange traded fund exemptions, just to name a few.