Multiple news sources are reporting that President Obama will nominate former US Attorney Mary Jo White to chair the SEC later today. From USA Today…
During the Bill Clinton administration, White served as U.S. attorney for the Southern District of New York. She specialized in white collar, a key reason for her selection as chair of the Securities and Exchange Commission.
White became Acting United States Attorney for the Eastern District of New York in December 1992, and in March 1993 was appointed by President Bill Clinton as U.S. Attorney for the Southern District. She is noted for having overseen prosecutions of John Gotti and the terrorists responsible for the 1993 World Trade Center bombing chief among them Ramzi Yousef. After Clinton’s controversial last day presidential pardons, she was appointed by new Attorney General John Ashcroft to investigate Marc Rich’s pardon. She is currently chair of the litigation department at Debevoise & Plimpton.
More to come…