On April 10, 2013, Mary Jo White was sworn in as the Chair of the Securities and Exchange Commission (SEC). White will replace the interim Chair Elisse Walter who replaced Mary Shapiro in December 2012. White was nominated to be the SEC Chair by President Obama on February 7, 2013 and confirmed by the U.S. Senate on April 8, 2013. White has extensive experience as a federal prosecutor and securities lawyer serving as a U.S. attorney in New York. She has specialized in prosecuting complex securities and financial institution frauds as well as international terrorism cases. During her tenure, her office won convictions against terrorists who bombed the World Trade Center in 1993. She most recently was chair of litigation department overseeing 200 lawyers with a firm in New York. It is expected that her focus will include further work to implement Wall Street reform. White has promised tough enforcement stating “the American public will be my client.”
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