US Securities and Exchange Commission (SEC) chair Mary Jo White is stepping down at the end of the Obama administration.
After nearly four years as head of the regulatory agency, White will be one of the SEC’s longest serving chairs.
“It has been a tremendous honour to work alongside the incredibly talented and dedicated SEC staff members who do so much every day to protect investors and our markets,” said White.
“I am very proud of our three consecutive years of record enforcement actions, dozens of fundamental reforms through our rulemaking that have strengthened investor protections and market stability, and that the job satisfaction of our phenomenal staff has climbed in each of the last three years.”
“I also want to express my appreciation for the engagement and dedication of my fellow commissioners and my financial regulator colleagues, past and present.”
White was at the epicentre of the implementation of the Dodd-Frank Act, along with numerous other regulatory initiatives such as money market reform and adding additional safeguards to the swaps and equity markets.
Prior to joining the commission, White spent decades as a federal prosecutor and securities lawyer.
As the US attorney for the Southern District of New York from 1993 to 2002, she prosecuted cases involving complex securities and financial institution frauds, other white collar crime and international terrorists.
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