Article Excerpt
BY JESSICA HOLZER
WASHINGTON—President Barack Obama nominated a former prosecutor turned white-collar criminal defender as his choice for top U.S. securities regulator.
The nomination of Mary Jo White marks the first time a former prosecutor has been chosen to lead the Securities and Exchange Commission in its 79-year history. The move could signal tougher policing of Wall Street.
Ms. White is the only woman to serve as U.S. Attorney for the Southern District of New York, an office that tackles some of the country's biggest financial crimes and acts of terrorism. She became noted for her aggressive pursuit of terrorists.
Senate Democrats praised ...
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