• Home
  • News
  • Fortune 500
  • Tech
  • Finance
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia
Leadership

Elizabeth Warren Now Wants Obama to Replace the Head of the SEC

By
Reuters
Reuters
and
Michelle Toh
Michelle Toh
Down Arrow Button Icon
By
Reuters
Reuters
and
Michelle Toh
Michelle Toh
Down Arrow Button Icon
October 14, 2016, 6:42 AM ET
Mary Jo White
UNITED STATES - AUGUST 10: Securities and Exchange Commission Chairwoman Mary Jo White, is interviewed by CQ Roll Call in her Washington office, August 10, 2016. (Photo By Tom Williams/CQ Roll Call)Photograph by Tom Williams—CQ-Roll Call,Inc.

U.S. Senator Elizabeth Warren urged President Barack Obama on Friday to replace Securities and Exchange Commission Chair Mary Jo White, saying she had undermined the agency’s investor protection mission.

Warren, a Massachusetts Democrat who advocates for strong financial regulation, also said in a letter to Obama that White had failed to develop a rule requiring publicly traded companies to disclose political spending.

Warren has been a vocal critic of White, an independent who was chosen by Obama in 2013, but this is the first time she has called for White to be removed as chair.

For more on Elizabeth Warren, watch Fortune’s video:

“I do not make this request lightly,” Warren wrote to Obama. “The only way to return the SEC to its intended purpose is to change its leadership.”

She said Obama had the authority to choose one of the other two commissioners, both picked by the Democratic president, as the new chair. There are two vacancies on the five-member commission.

About the Authors
By Reuters
See full bioRight Arrow Button Icon
By Michelle Toh
See full bioRight Arrow Button Icon
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • Future 50
  • World’s Most Admired Companies
  • See All Rankings
Sections
  • Finance
  • Leadership
  • Success
  • Tech
  • Asia
  • Europe
  • Environment
  • Fortune Crypto
  • Health
  • Retail
  • Lifestyle
  • Politics
  • Newsletters
  • Magazine
  • Features
  • Commentary
  • Mpw
  • CEO Initiative
  • Conferences
  • Personal Finance
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
About Us
  • About Us
  • Editorial Calendar
  • Press Center
  • Work At Fortune
  • Diversity And Inclusion
  • Terms And Conditions
  • Site Map

© 2025 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.