On Wall Street, Mary Jo sharpens the knife

Mary Jo White’s appointment as head of the US Securities and Exchange Commission promised a regulator with more teeth. A year on, it looks like she’s getting ready to deliver just that.

When US President Barack Obama appointed Mary Jo White to head the Securities and Exchange Commission he warned everyone that “you don’t mess with Mary Jo”.

While many may have dismissed it as a throwaway line aimed at bolstering his choice to replace Elisse Walter as chairman in April last year, the 66-year-old attorney is starting to live up to her reputation.

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