Cox's practices undermined SEC enforcement, insiders say

06/1/2009 | Washington Post, The

Securities and Exchange Commission officials said policies Christopher Cox adopted after he became chairman of the agency in 2005 undermined efforts by the enforcement division to investigate and punish those involved in corporate wrongdoing. Cox's efforts were a reversal from those of his predecessor, William Donaldson, who pursued large penalties. Concerns that the U.S. financial industry was not as competitive as overseas markets likely contributed to Cox's moves, according to this article.

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