Mary Jo White, a former federal prosecutor, will be nominated by President Obama today to run the Security and Exchange Commission. White was a U.S. attorney in New York, and was recently hired by the NFL to investigate the New Orleans Saints bounty program.
(AP Photo/Cliff Owen)
President Barack Obama will nominate Mary Jo White to lead the Securities and Exchange Commission, tapping an attorney with broad experience in prosecuting white-collar crimes to lead an agency that has a central role in implementing Wall Street reform.
A White House official said the president would announce White's nomination during a ceremony in the State Dining Room Thursday afternoon.
At the same event, Obama will renominate Richard Cordray to serve as head of the Consumer Financial Protection Bureau, the official said. The president used a recess appointment last year to circumvent Congress and install Cordray as head of the bureau. That appointment expires at the end of this year.
The official spoke on the condition of anonymity in order to discuss the nominations ahead of the president.
White spent nearly a decade as the U.S. attorney in Manhattan, building a reputation as a tough prosecutor with an expertise in pursuing white collar crimes and complex securities and financial fraud cases. White House officials say that experience makes her well positioned to implement Obama's Wall Street reform legislation.