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March 12, 2013

SEC nominee Mary Jo White to take hard line on Wall Street

Mary Jo White pledges a get-tough-on-Wall Street approach and swift action on pending regulations if confirmed as head of the Securities and Exchange Commission, according to testimony she plans to deliver at her Senate confirmation hearing Tuesday.

Since President Obama nominated White in January, some critics have questioned her resolve to crack down on Wall Street firms after years of defending them as a white-collar lawyer. Others have balked at her lack of regulatory experience.

White plans to tackle both issues head-on before fielding questions from lawmakers on the Senate banking committee. In prepared remarks, White stressed her nearly nine years as a New York prosecutor going after terrorists and white-collar criminals. She made no mention of her white-collar defense work during the past decade at Debevoise & Plimpton.

“It will be a high priority throughout my tenure to further strengthen the enforcement function of the SEC — it must be fair, but it also must be bold and unrelenting,” White said.”

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Read full Washington Post article here

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