WASHINGTON (Legal Newsline)
— The Securities and Exchange Commission (SEC) announced Nov. 14 that Chairwoman Mary Jo
White will step down at the end of the Obama administration.
“It has been a tremendous
honor to work alongside the incredibly talented and dedicated SEC staff members
who do so much every day to protect investors and our markets,” White said.
“I am very proud of our three consecutive
years of record enforcement actions, dozens of fundamental reforms through our
rule-makings that have strengthened investor protections and market stability and that the job satisfaction of our phenomenal staff has climbed in each of
the last three years.”
White became the 31st SEC chair in April 2013 and is one of the longest serving chairs in SEC
history. Under her leadership, the SEC strengthened protections for investors
and the markets through various rules designed to address issues highlighted by
the financial crisis.
“My duty has been to ensure
that the commission implemented strong investor and market protections, and to
establish an enduring foundation for future progress in the most critical areas
– asset management regulation, equity market structure and disclosure
effectiveness,” White said.
“Thanks to the hard work and dedication
of the SEC’s staff we have accomplished both.”