WASHINGTON – Securities and Exchange Commission chair Mary Jo White announced today that she will leave her position at the end of the Obama administration.
White, who was the SEC's 31st chair, has served in that position since April 2013. Much of her work at the commission centered on completing the commission's mandates under the Dodd-Frank Act, including implementing the first-ever regulatory framework for municipal advisors.
"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. "I am very proud of our three consecutive years of record enforcement actions [and] dozens of fundamental reforms through our rulemakings that have strengthened investor protections and market stability."
The SEC brought more than 2,850 enforcement actions during her tenure that resulted in judgments and orders for more than $13.4 billion in monetary sanctions. Many of those cases involved first of their kind actions, some of which were in the public finance area.
