Mary Jo White has been sworn in as the 31st chair of the Securities and Exchange Commission, the SEC announced Wednesday. White, a former U.S. prosecutor known for tackling complicated fraud cases, was confirmed by the Senate Monday after the president nominated her to the post on Feb. 7. "It is an honor to lead the talented and dedicated SEC staff on behalf of America's investors and markets," said White. "Our markets are the envy of the world precisely because of the SEC's work effectively regulating the markets, requiring comprehensive disclosure, and vigorously enforcing the securities laws." She will replace Elisse Walter, who has served as SEC chairman since Mary Schapiro left the commission last December. Walter is expected to remain an SEC commissioner through this year.
-
Inflows returned to muni mutual funds as investors added $200.3 million for the week ending Wednesday after $1.474 billion of outflows, according to LSEG Lipper.
10h ago -
Democratic Gov. Laura Kelly nixed another tax cut bill passed by the Republican-led legislature this year, while pushing a less-costly plan.
11h ago -
It's a big week for the Fortress-backed train company, which refinanced more than $4 billion of debt and broke ground on its West Coast high-speed line.
April 25 -
Photos from The Bond Buyer's Texas Public Finance conference.
April 25 -
The Mayo Clinic is undertaking a $5 billion expansion that may bring new debt as it reconstructs its core Rochester, Minnesota campus.
April 25 -
"Just like the ATM became an additional transaction channel in the banking industry, I believe distributed ledger technology will provide municipal issuers with a similarly valued tool to sell their bonds," said Rick Coscia, Quincy's Strategic Asset Manager.
April 25