SEC Chairwoman to Step Down

Public Companies

By Steven Thompson

While last week’s presidential election results may have been a surprise to many, it is likely to be just the beginning of many more changes as we head into 2017.  One recently announced change is that Mary Jo White, chairwoman of the Securities and Exchange Commission (SEC) will be resigning in January.  Chairwoman White was a former federal prosecutor in New York City, and during her tenure, had a record number of enforcement actions made by the SEC in addition to leading the agency’s efforts in money market reform.  President-elect Trump would be expected to nominate a candidate that would be focused on deregulation and potentially reducing the impacts of Dodd Frank.  As President-elect Trump continues to identify his cabinet, his nomination for SEC chairperson will have a significant impact on the direction of future regulations.  

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