Skip to main content
A Better Partnership


Jan 2013
January 28, 2013

President Obama nominates Mary Jo White as SEC Chairman

Since December 2012 the Securities and Exchange Commission announced that several key regulators would be leaving including Mary Shapiro, the agency’s chairman, three division heads, general counsel and the chief of staff.

Now it is time to rebuild the agency.  On January 24, President Barack Obama announced the nomination of the next chairman of the Securities and Exchange Commission Mary Jo White.  Ms. White was the former U.S. attorney in Manhattan and may be best known for successfully prosecuting terrorists in the 1993 World Trade Center bombing trial and helped prosecute crime boss John Gotti.  She has served as a director of the Nasdaq Stock Exchange and served on its executive, audit and policy committees. Also of note, Ms. White has represented numerous individuals and corporations facing SEC enforcement proceedings.

Mr. Obama said “It’s not enough to change the law.  We also need cops on the beat to enforce the law,” leading to speculation that the choice of Ms. White may be a signal that the President is looking for the SEC to be more aggressive about enforcement.

President Obama’s remarks during press conference:

NOTICE. Although we would like to hear from you, we cannot represent you until we know that doing so will not create a conflict of interest. Also, we cannot treat unsolicited information as confidential. Accordingly, please do not send us any information about any matter that may involve you until you receive a written statement from us that we represent you.

By clicking the ‘ACCEPT’ button, you agree that we may review any information you transmit to us. You recognize that our review of your information, even if you submitted it in a good faith effort to retain us, and even if you consider it confidential, does not preclude us from representing another client directly adverse to you, even in a matter where that information could and will be used against you.

Please click the ‘ACCEPT’ button if you understand and accept the foregoing statement and wish to proceed.



+ -