Senate confirms Mary Jo White as SEC leader

The U.S. Senate confirmed Mary Jo White as the next leader of the Securities and Exchange Commission, putting the former prosecutor and private sector financial services attorney into the top securities watchdog role.

Sen. Tim Johnson, who leads the Senate Banking Committee, confirmed White’s confirmation, saying she “was approved by the Senate by unanimous consent, and President Obama has said he will name her chairman of the commission.”

White is known as both a prosecutor and an attorney who previously served on the board of the Nasdaq. At one point, she worked as a retained attorney for Morgan Stanley and represented JPMorgan Chase during the massive attorneys general settlement with mortgage servicers, according to research firm Compass Point Research & Trading.

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