Cox to head SEC, major shift seen (more corp friendly)

[Rose Siding]

snip>
Cox, who has also pushed in Congress for lower taxes on investment income,....was an author of a 1995 law that critics charged made it more difficult to sue corporations.
...
Cox served as a White House counsel to former President Ronald Reagan and on his congressional Web site describes himself as "a leading advocate of economic growth through lower taxes, free enterprise and limited government."

Joel Seligman, dean of the Washington University Law School in St. Louis and a noted SEC historian, said Cox is "very unsympathetic to private litigation."

"This likely portends a very dramatic shift in the direction of the SEC," Seligman said. "You're more likely to see an SEC that the Chamber of Commerce and the Business Roundtable are more comfortable with."

Donaldson was known for his strong enforcement agenda at the SEC and his resignation has raised doubts about whether the agency's tougher post-Enron stance on corporate misconduct will be sustained.
Continued ...

http://www.reuters.com/newsArticle.jhtml?type=politicsNews&storyID=8680847&src=rss/ElectionCoverage

[Skink]

1. Why stop here send him directly to the fed...

:sarcasm: