“For the first time, a former prosecutor appears poised to be nominated as the nation’s top securities regulator.

Mary Jo White, who made her name pursuing terrorists, mobsters and white-collar criminals as a federal prosecutor in New York, is the Obama administration’s likely pick to lead the Securities and Exchange Commission, according to people familiar with the administration’s search.

The post has recently been occupied by career regulators, a politician, an investment banker and a top securities lawyer.”

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