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Obama to nominate Mary Jo White as next SEC chair

"President Obama is expected to nominate Mary Jo White as the next chairman of the Securities and Exchange Commission.

"White, a former U.S. prosecutor turned white collar defense lawyer, spent almost 10 years as U.S. Attorney for the southern district of New York. She led the prosecution of mob boss John Gotti, and has spent many years defending corporations in white collar cases.

"Dennis Kelleher, president of Better Markets -- a nonprofit group promoting the public interest in financial markets -- said that combination gives her "the experience, judgment and wisdom to be an accomplished SEC chairperson if she's confirmed.""

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