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SEC Nominee Tries to Allay Skepticism

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Lawmakers are scrutinizing Mary Jo White, nominee to head the Securities and Exchange Commission, ahead of her Senate confirmation hearing, raising questions about the former prosecutor’s lack of regulatory experience and the challenge of policing Wall Street firms she recently defended in private practice, the New York Times DealBook blog reported yesterday. But White is seeking to quell concerns about potential conflicts of interest. She recently scheduled meetings with Senate Banking Committee members, who must clear her nomination, and answered a 20-page boilerplate questionnaire detailing her qualifications. The questionnaire, created by the banking committee, focused significant attention on her movement through the revolving door between government service and private practice, a concern that has loomed since President Obama nominated White in January.

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