President Barack Obama on Thursday will announce his plan to nominate former federal prosecutor Mary Jo White as the next chairman of the Securities and Exchange Commission, according to a White House official. Obama’s pick would install an experienced law enforcement official to oversee Wall Street and financial markets amid criticism that the administration and the SEC have been too timid in going after bad actors from the 2008 financial crisis. It also would keep a woman as the head of a top financial regulator at a time when the administration is facing questions about the diversity of the president’s latest round of nominees for top administration jobs. More in Politico here.
