Obama appoints White as head of SEC


US president Barack Obama has named Mary Jo White as the new chairman of the US Securities and Exchange Commission (SEC).

White replaces Elisse Walter, who took over as SEC chairman when Mary Schapiro stepped down in December last year.

Shapiro's resignation was followed by a stream of departures of senior SEC staff. This included enforcement director Robert Khuzami; corporation finance director Meredith Cross; trading and markets director Robert Cook; general counsel Mark Cahn; and chief of

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