and Exchange Commission (SEC) Chair Mary Jo White, after nearly four years as
the agency’s head, announced that she intends to leave at the end of the Obama
White, who became the 31st Chair of the SEC in April 2013, will be one of the SEC’s longest serving Chairs.
addition to completing the vast majority of the agency’s mandates under the
Dodd-Frank Act and all of its mandates under the JOBS Act, Chair White’s
leadership has advanced the agency’s mission through other critical rulemakings
and built robust and effective frameworks for the SEC’s regulatory regimes
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,” says White.
“Thanks to the hard work and dedication of the SEC’s staff, we have
her leadership, the SEC advanced more than 50 significant rulemaking
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reforms to the money market fund industry;
comprehensive framework for enhancing the effectiveness of corporate disclosure for investors;
enhancements to transparency and risk management for asset-backed securities, which were a significant contributor to the financial crisis;
operating standards for the clearing agencies that stand at the center of our
financial system; and
reforms to the regulation of credit rating agencies and how they address
conflicts of interest that can harm investors.