SEC's Mary Jo White Under Fire Over Conflict Of Interest

A battle regarding the tenure of Securities and Exchange Commission Chair Mary Jo White is taking shape over a commissioner appointment, ValueWalk sources close to the situation have said. The nomination of Covington & Burling lawyer Keir Gumbs, who is a corporate and securities partner and was counsel to a former SEC commissioner, has raised the ire of reformers. Revolving door and holding all regulated participants to the same legal standard at issue in SEC appointment Gumbs has been reported by Bloomberg as being under consideration for the SEC post. ValueWalk sources say the process has been under way for “months” and…