{"id":9624,"date":"2016-11-14T19:17:00","date_gmt":"2016-11-15T03:17:00","guid":{"rendered":"http:\/\/associatednews.info\/content\/sec-chair-white-says-she-will-step-down-at-the-end-of-obamas-term\/"},"modified":"2016-11-14T19:17:00","modified_gmt":"2016-11-15T03:17:00","slug":"sec-chair-white-says-she-will-step-down-at-the-end-of-obamas-term","status":"publish","type":"post","link":"https:\/\/associatednews.info\/content\/sec-chair-white-says-she-will-step-down-at-the-end-of-obamas-term\/","title":{"rendered":"SEC Chair White Says She Will Step Down At The End Of Obama's Term"},"content":{"rendered":"

By Jim Zarroli<\/a><\/span> <\/p>\n

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Securities and Exchange Commission Chair Mary Jo White, shown at a press conference in 2015, says she will step down in January. Seth Wenig\/AP<\/strong> hide caption<\/strong><\/p>\n<\/div>\n

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Seth Wenig\/AP<\/span><\/div>\n<\/div>\n

Mary Jo White, the chair of the Securities and Exchange Commission, will step down in January, a move that leaves the future direction of the regulatory agency more uncertain than ever.<\/p>\n

“It has been a tremendous honor to work alongside the incredibly talented and dedicated SEC staff members who do so much every day to protect investors and our markets,” White said, in a statement<\/a> released today.<\/p>\n

“I am very proud of our three consecutive years of record enforcement actions, dozens of fundamental reforms through our rule-makings that have strengthened investor protections and market stability, and that the job satisfaction of our phenomenal staff has climbed in each of the last three years,” she said.<\/p>\n

A former U.S. attorney, White is known as a moderate who tried to navigate a politically divided agency known for internal battles.<\/p>\n

Under her leadership, the commission implemented most of the rules stemming from Dodd-Frank, the landmark financial overhaul law passed in the aftermath of the financial crisis, the Wall Street Journal reported<\/a>:<\/p>\n

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“During Ms. White’s tenure, which began in April 2013, the SEC overhauled the regulation of money-market mutual funds, credit-rating firms, stock exchanges, and electronic trading venues. She frequently navigated political infighting at the SEC to complete Dodd-Frank requirements, and such friction could continue under a Republican chairman.”<\/p>\n<\/div>\n<\/blockquote>\n

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