Mary Jo White to head SEC

  • The U.S. Senate on Monday confirmed Mary Jo White as the new head of the Securities and Exchange Commission (SEC), the body that regulates Wall Street.

    The former federal prosecutor was nominated by President Barack Obama in January to replace Mary Schapiro after she stepped down.

    The new head has a reputation of being a tough crime-fighter serving as attorney for the Southern District of New York.

    White, 65, spent almost ten years as the Southern District attorney.

    The Senate confirmation only allows her to complete the remainder of Schapiro's five-year term, which ends in June 2014.

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