Outgoing Securities and Exchange Commission Chair Mary Jo White made her decision to leave the agency before the Presidential election, according to testimony she gave in a final appearance before the House Financial Services Committee.
Chair White announced she was stepping down this week, effective at the end of President Obama’s term. Her term was not scheduled to officially expire until 2019.
White received wide praise from lawmakers during the nearly three-hour hearing, which addressed ongoing regulatory initiatives at the Commission ranging from oversight of the fixed income markets, the regulation of so-called robo advisors, small business’ access to capital markets, simplification of corporate disclosures to the SEC, and a proposed rule that would allow mutual fund providers to distribute documents electronically.
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Nick Thornton
Nick Thornton is a financial writer covering retirement and health care issues for BenefitsPRO and ALM Media. He greatly enjoys learning from the vast minds in the legal, academic, advisory and money management communities when covering the retirement space. He's also written on international marketing trends, financial institution risk management, defense and energy issues, the restaurant industry in New York City, surfing, cigars, rum, travel, and fishing. When not writing, he's pushing into some land or water.
