President-elect Donald Trump and Congress will need to fill three out of five seats in the Securities and Exchange Commission.
SEC chairman Mary Jo White is pushing for more admissions of wrongdoing in cases of widespread harm to investors .
With the Senate Banking Committee taking up the Mary Jo White nomination to head the SEC, at issue are possible conflicts White might have as a former attorney who defended financial institutions and executives against government prosecution.
Mary Jo White battled mobsters and terrorists as U.S. Attorney. Now, she’ll face hedge fund titans and high-speed traders to revive the SEC.