Filed Under:Annuities, Variable

Mary Jo White to be new SEC chair

(AP photo/Tim Roske)
(AP photo/Tim Roske)

As the chair of the Securities and Exchange Commission (SEC), Mary Jo White, who earned a reputation as a tough New York prosecutor, will likely not shy from creating a fiduciary standard that has her stamp on it, and from creating a climate where SEC enforcement will vigorously go after industry malfeasance, including suitability of variable annuity products.

White’s current practice at Debevoise & Plimpton concentrates on internal investigations and defense of companies and individuals accused by the government of involvement in white collar corporate crime or SEC and civil securities law violations, and on other major business litigation disputes and crises.

According to Debevoise & Plimpton, where she is a partner and litigator, when White left her post as U.S. Attorney for the Southern District of New York in January 2002, she was acclaimed for her nearly nine years as the leader of what is widely recognized as the premier U.S. Attorney’s office in the nation. 

White has experience supervising over 200 assistant U.S. attorneys in successfully prosecuting some of the most important national and international matters, including complex white collar and international terrorism cases.  White rejoined Debevoise in 2002, and became chair of the firm's Litigation Department with more than 225 lawyers. 

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Nichole Morford

Nichole Morford
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