SEC nominee discloses A-list of former clients
WASHINGTON (AP) — Mary Jo White, President Barack Obama's nominee to lead the Securities and Exchange Commission, has represented an A-list of banks and corporations that could raise conflict-of-interest questions during her confirmation hearing.
White's financial disclosure form was made public Friday and includes a list of clients from her years as a corporate litigator. Among them are several Fortune 100 companies — JPMorgan Chase, General Electric, Microsoft, Hess and Verizon — Switzerland's largest bank and the world's biggest automaker, Toyota.
White says she will remove herself from any decision affecting a former client for one year after she represented them.
The Senate must confirm White before she can take office. While her former clients could draw attention, many of her predecessors also took office with clients that posed conflicts of interest.
White, who was U.S. attorney in Manhattan from 1993 to 2002, would become the first ex-prosecutor to head the SEC in its 79-year history. She has headed the litigation practice at New York law firm Debevoise & Plimpton since 2002.
Her disclosure form shows assets of between $6 million and $27 million spread between a number of investment and retirement funds. Some of them are jointly held with her husband, John White, who also is a corporate lawyer.
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