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Journal Entry — SEC — New Chairman Confirmed

Published on: Apr 08, 2013

Today the Senate confirmed Mary Jo White, a former federal prosecutor, as the new chairman of the SEC. The confirmation only allows Ms. White to complete the remainder of the term begun by Mary Schapiro, which ends in June 2014.

Shortly after Ms. Schapiro’s resignation, President Obama nominated Ms. White to complete Ms. Schapiro’s term as well as to serve a full five-year term as head of the SEC. It is unclear when the Senate will vote on the longer-term nomination. Ms. White replaces Elisse Walter, who has been serving as SEC chairman since Ms. Schapiro’s resignation.

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