Obama Picks White as SEC Head

White in Jan. 2002. (Suzanne Plunkett/AP)

Federal prosecutor Mary Jo White talks with a reporter, on Friday, Jan. 4, 2002 in her office in New York. White announced a month ago she was leaving her Manhattan post. James B. Comey, formerly an assistant federal prosecutor in Richmond, Va., was sworn in Monday, Jan. 7, 2002, as U.S. attorney-designate. (AP Photo/Suzanne Plunkett)

It’s the Oscar and Obama nomination season! Ex–federal prosecutor Mary Jo White is President Obama’s nomination to head the Securities and Exchange Commision. White spent nine years in the Southern District of New York. The SEC serves as a watchdog over Wall Street and corporate finances. The current SEC chief is Elisse Walter, who is finishing the term of Mary Schapiro, who resigned in December.