Obama to tap Mary Jo White as SEC chairman

Written By limadu on Kamis, 24 Januari 2013 | 22.16

WASHINGTON (CNNMoney)

The nomination will be announced later Thursday, an administration official told CNN.

In addition, Obama will nominate Richard Cordray to a full term as director of the Consumer Financial Protection Bureau. Cordray has already been heading the agency, but has been serving on a recess appointment due to Republican opposition to the agency itself, which has blocked a Senate vote on his confirmation.

White is best known for her nine years as the the chief federal prosecutor for the Southern District of New York, a territory that includes Wall Street. She built a reputation as a tough prosecutor, taking on complicated financial fraud, terrorism and organized crime.

Under her watch, Ramzi Ahmed Youself was convicted of bombing the World Trade Center, Omar Abdel Rahman, "the blind sheik," was convicted of planning that bombing, and Mafia don John Gotti was convicted of murder and racketeering.

Her office also officially indicted Osama bin Laden for attacks on U.S. embassies in Africa.

She left the post in 2002 and has been in private practice since, serving as a partner at Debevoise and Plimpton, the firm at which she had previously worked.

She's since spent the last decade as a go-to corporate defender, representing high profile firms that were themselves under SEC investigation.

She could face criticism in Senate confirmation hearings for defending former Bank of America (BAC, Fortune 500) CEO Ken Lewis, when New York Attorney General Andrew Cuomo charged the bank with fraud for failing to disclose billions of dollars worth of bonuses paid to Merrill Lynch chiefs as it was failing. The SEC also investigated that case and struck a $150 million settlement agreement with BofA.

President Bill Clinton first appointed White to be U.S. attorney for the Southern District in 1993. She was also on the board of Nasdaq Stock Market.

White would take over the top job running the SEC from Elisse B. Walter, who stepped up to the position last November when Mary Schapiro stepped down. Walter had made it clear she would only serve a brief time.

Cordray had previously served as Ohio Attorney General before joining the CFPB. The agency was created under the Dodd-Frank legislation that was passed during Obama's first term. To top of page

First Published: January 24, 2013: 8:49 AM ET


Anda sedang membaca artikel tentang

Obama to tap Mary Jo White as SEC chairman

Dengan url

http://kasiatbuatsehat.blogspot.com/2013/01/obama-to-tap-mary-jo-white-as-sec.html

Anda boleh menyebar luaskannya atau mengcopy paste-nya

Obama to tap Mary Jo White as SEC chairman

namun jangan lupa untuk meletakkan link

Obama to tap Mary Jo White as SEC chairman

sebagai sumbernya

0 komentar:

Posting Komentar

techieblogger.com Techie Blogger Techie Blogger