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New SEC Chair is Noted Criminal Prosecutor

"President Obama will on Thursday name Mary Jo White, former New York prosecutor to head the SEC, according to various press reports.

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"It will be the first time a former prosecutor has been named as the head of the SEC and signals a tougher regulatory regime for Wall Street. White will replace Elisse Water, who took over as Chairwoman after Mary Schapiro stepped down in late 2012.

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