SEC Chair Mary Jo White, announced that she intends to leave at the end of the Obama Administration. She became the 31^st Chair of the SEC in April 2013.

During her term, the SEC advanced more than 50 significant rulemaking initiatives, including:

• Fundamental reforms to money market funds and unprecedented new disclosures and protections for mutual fund investors
• Enhanced equity market structure oversight, including wide-ranging new controls on how key market participants handle technology and systems issues
• A comprehensive framework for enhancing the effectiveness of corporate disclosure for investors
• Extensive new safeguards for the financial system and for investors in the more than $7 trillion security-based swap market
• New ways for smaller companies to raise capital needed to grow their businesses
• New post-crisis restrictions on proprietary trading and investments by B/D's and other financial institutions through the Volcker rule
• Major enhancements to transparency and risk management for asset-backed securities, a significant contributor to the financial crisis
• Strong operating standards for the clearing agencies that stand at the center of our financial system
• Extensive reforms to the regulation of credit rating agencies and how they address conflicts of interest
• First-ever regulatory framework for municipal advisors who are critical to the capital raising activities of thousands of local governments
• Modernized rules of practice for conducting administrative proceedings, including providing expanded rights of discovery

During Chair White’s tenure, the Commission brought more than 2,850 enforcement actions, more than any other 3-year period in the Commission’s history, and obtained judgments and orders totaling more than $13.4 billion in monetary sanctions.  The SEC charged over 3,300 companies and over 2,700 individuals, including CEOs, CFOs, and other senior corporate officers.