The Securities and Exchange Commission officially has a new chairman. On Monday afternoon, the U.S. Senate confirmed Mary Jo White’s nomination to head the Commission.
That vote, by unanimous consent, follows strong bipartisan support White received during a March 19 confirmation hearing before the Senate Banking Committee. That committee voted favorably, 21-1, to advance White’s nomination to the full Senate. Sen. Sherrod Brown (D-Ohio), was the sole vote against White at that hearing, questioning her status as a Wall Street insider, specifically time spent as a partner with the law firm Debevoise & Plimpton representing clients that included Bank of America, JPMorgan Chase, UBS, General Electric, and Goldman Sachs board member Rajat Gupta.
