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Why Wall Street’s Top Cop Criticized by Warren Could Stay Awhile

  • Should SEC Chair White leave, agency at risk of paralysis
  • White said to discuss outreach with agency colleagues

Political friction and vacancies in top posts at the U.S. Securities and Exchange Commission have increased the likelihood that Chair Mary Jo White could remain in the job beyond the end of President Barack Obama’s term.

White has privately told agency officials that people with ties to both the Hillary Clinton and Donald Trump campaigns have asked if she would consider staying on to give the next president time to pick a successor, said people familiar with the matter. White said she expects any holdover to be brief, according to one of the people who spoke to the SEC chief and asked not to be named because the conversation was private.