SEC Chair says to step down before term ends

SEC Chair Mary Jo White, pictured in June 2016, becomes the first major political appointee to head for the exit when President Barack Obama leaves officeThe chair of the US Securities and Exchange Commission, Mary Jo White, will step down in January, three years before the end of her term, the SEC announced Monday. White becomes the first major political appointee to head for the exit when President Barack Obama leaves office, following Donald Trump’s upset victory last week in the race for the White House. Trump has signaled a coming shift in the enforcement of securities and financial regulations.

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