The rumour mill is buzzing with news President Obama will nominate former U.S. attorney Mary Jo White as chair of the SEC, reports Forbes. White would replace Mary Schapiro and Elisse Walter.

Read: Mary Schapiro leaving SEC

From 1993 to 2002, White was the an attorney for the Southern District of New York.

Read more.

Also read:

SEC charges former bank execs over loan losses

Copper users attack SEC

SEC revokes registration of Toronto broker