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Wednesday, April 10, 2013

Mary Jo White's Reign Begins

Reported by Neil Anderson, Managing Editor

There's a new top market cop.

This morning SEC Secretary Elizabeth Murphy swore in Mary Jo White as the 31st chair of the Securities and Exchange Commission (SEC).

White is a longtime veteran of the law firm Debevoise & Plimpton, and she also spent nine years as the U.S. Attorney for the Southern District of New York.

U.S. President Barack Obama nominated White earlier this year, and the Senate confirmed her this week.

Press Release


    Washington, D.C., April 10, 2013 – The Securities and Exchange Commission today announced that Mary Jo White was sworn in this morning as the 31st Chair of the SEC.   

  Chairman White comes to the SEC with decades of experience as a federal prosecutor and securities lawyer. She was nominated to be SEC Chair by President Barack Obama on Feb. 7, 2013, and confirmed by the U.S. Senate on April 8.   

  “It is an honor to lead the talented and dedicated SEC staff on behalf of America’s investors and markets,” said Chairman White.  “Our markets are the envy of the world precisely because of the SEC’s work effectively regulating the markets, requiring comprehensive disclosure, and vigorously enforcing the securities laws.”  

  Chairman White specialized in prosecuting complex securities and financial institution frauds and international terrorism cases when she served as the U.S. Attorney for the Southern District of New York from 1993 to 2002.  Under her leadership, the office earned convictions against the terrorists responsible for the 1993 bombing of the World Trade Center and the bombings of American embassies in Africa.  She is the only woman to hold the top position in the 200-year-plus history of that office.   

  Prior to becoming the U.S. Attorney for the Southern District of New York, Chairman White served as the First Assistant U.S. Attorney and later Acting U.S. Attorney for the Eastern District of New York from 1990 to 1993.  She previously served as an Assistant U.S. Attorney for the Southern District of New York from 1978 to 1981 and became Chief Appellate Attorney of the Criminal Division.  

  After leaving her U.S. Attorney post, Chairman White became chair of the litigation department at Debevoise & Plimpton in New York, where she led a team of more than 200 lawyers.  Chairman White previously was a litigation partner at the firm from 1983 to 1990, and worked as an associate from 1976 to 1978.  

  Chairman White earned her undergraduate degree, Phi Beta Kappa, from William & Mary in 1970, and her master’s degree in psychology from The New School for Social Research in 1971.  She earned her law degree in 1974 at Columbia Law School, where she was an officer of the Law Review.  She served as a law clerk to the Honorable Marvin E. Frankel of the U.S. District Court for the Southern District of New York.  

  Chairman White has won numerous awards in recognition of her outstanding work both as a prosecutor and a securities lawyer.  The 2012 Chambers USA Women in Law Awards named her Regulatory Lawyer of the Year.  Among other honors she has received are the Margaret Brent Women Lawyers of Achievement Award, the George W. Bush Award for Excellence in Counterterrorism, the Sandra Day O’Connor Award for Distinction in Public Service, and the “Women of Power and Influence Award” given by the National Organization for Women.  

  Chairman White is a fellow in the American College of Trial Lawyers and the International College of Trial Lawyers.  She also has served as a director of The NASDAQ Stock Exchange and on its executive, audit, and policy committees.  Chairman White is a member of the Council on Foreign Relations.  

Chairman White was administered the oath of office by SEC Secretary Elizabeth M. Murphy.  

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