Obama to nominate White to SEC chair

From The Washington Times
By Susan Crabtree and Cheryl K. Chumley
January 24, 2013

President Obama will nominate Mary Jo White, a former U.S. attorney, to head the Securities and Exchange Commission, according to a White House spokesman.

Ms. White served during the Clinton administration as U.S. attorney for the Southern District of New York, specializing in white collar crime.

The nomination may not be well received, if the opinion of Boston University School of Law Professor Cornelius Hurley gathers steam. According to Richard Taffe, with Boston University’s Public Affairs office, Mr. Hurley — who is also a former counsel to the Federal Board of Governors — says Ms. White’s appointment to chair “plays to the commission’s function as an enforcer as opposed to a supervisor. Her appointment presages a new era of muscular enforcement, [and] time will tell whether that comes at the expense of the commission’s equally critical oversight responsibilities…”

Read the full article at WashingtonTimes.com.