Mary Jo White, nominated by President Barack Obama to lead the Securities and Exchange Commission, has a reputation for being tough on crime as a prosecutor but is untested as a regulator. Some say she'll bring a fresh perspective to the debate over a uniform fiduciary standard. "FSI congratulates Mary Jo White on her nomination as chair of the Securities and Exchange Commission. An experienced and effective SEC chair, collaborating with investors and the industry, is critical to fulfilling the SEC's mission of investor protection and maintaining fair, orderly and efficient capital markets. We look forward to working with her to preserve money market mutual funds and create an effective and efficient fiduciary standard," said FSI President and CEO Dale Brown.
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