News Summary: Senate confirms White to head SEC

AP News
Posted: Apr 08, 2013 3:33 PM

SEC NOMINEE CONFIRMED: The Senate on Monday confirmed Mary Jo White as chairman of the Securities and Exchange Commission, making her the first former prosecutor to lead the agency that oversees Wall Street.

ENFORCEMENT PLEDGE: White was the U.S. attorney in Manhattan from 1993 through 2002. She promised during her confirmation hearing to aggressively pursue enforcement of Wall Street and hold individuals accountable for misconduct.

CRISIS RULES: As SEC chairman, she will also lead efforts to complete and enforce complex regulations called for by Congress in response to the 2008 financial crisis.