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SEC Watch

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.


"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.