DealBook Alert: Mary Jo White Picked as New S.E.C. Chief

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DEALBOOK ALERT Thursday, January 24, 2013 9:06 AM EST

Mary Jo White Picked as New S.E.C. Chief President Obama has chosen Mary Jo White, a former United States attorney turned white-collar defense lawyer, to be the next chairwoman of the Securities and Exchange Commission, according to a White House official. Mr. Obama will announce the nomination at the White House on Thursday at 2:30 p.m., the official said. As part of the event, he will also re-nominate Richard Cordray to lead the Consumer Financial Protection Bureau, a role that he has held for the last year as a recess appointment. In appointing Ms. White and Mr. Cordray, both former prosecutors, the White House is sending a signal about the importance of prosecuting wrongdoing on Wall Street. READ MORE » http://dealbook.nytimes.com/2013/01/24/mary-jo-white-to-be-named-new-s-e-c-boss/?emc=na

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