SEC Nominee Could Be First Former Prosecutor To Lead Commission
President Obama has nominated former prosecutor Mary Jo White to head the Securities and Exchange Commission (SEC). White made her mark in high profile cases against terrorists and the mobster John Gotti. She would be the first prosecutor to head the SEC, and that could blunt criticisms that the administration hasn't been tough enough on Wall Street. But White also advised securities firms as a corporate lawyer after her stint as U.S. Attorney for the Southern District of New York.