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Mary Jo White Named SEC Head, Richard Cordray’s CFPB Nomination Resubmitted

1 min read

SECbuildingFormer U.S. Attorney Mary Jo White was officially nominated Wednesday to chair the Securities and Exchange Commission as the White House also resubmitted Richard Cordray‘s nomination to head the Consumer Financial Protection Bureau.

According to USA Today, President Barack Obama named Cordray as a recess appointment to head the CFPB, formed in 2011 out of the Dodd-Frank law on Wall Street reform.

David Jackson writes that as a federal prosecutor in New York, White won convictions related to the 1993 World Trade Center bombing, the 1998 bombings of U.S. embassies in Kenya and Tanzania.

She also won a conviction against the late organized crime boss John Gotti that put him in prison, according to Jackson’s story.

If confirmed, she would succeed Mary Shapiro, who stepped down as SEC chair in December 2012 after three years.

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