Evaluating the Rulemaking Progress at the Securities and
June 23, 2014 -
2013 nomination of Mary Jo White to chair the Securities and Exchange
Commission evoked a mixed reaction. Some applauded her nomination because of her background as a
former prosecutor who once led the U.S. Attorney’s Office for the Southern
District of New York (SDNY). Others worried that her subsequent career as a
white collar criminal defense attorney at Debevoise & Plimpton might negate
that history of prosecution. Commenters, including former colleagues, agreed on
one positive trait: she gets things done efficiently.
At her confirmation hearing, White pledged to “finish in as timely and smart a way as possible” the rule-making mandates.
However, Public Citizen's analysis shows that White has now delayed the proposed completion date for SEC completion of final rules in 64 percent of the cases.