SEC's Cox criticized for doing too little during crisis

09/19/2008 | Bloomberg Businessweek

Christopher Cox, chairman of the Securities and Exchange Commission, has defended his and the agency's role as the financial crisis continues, but critics, including Republican presidential candidate John McCain, said missed opportunities abound. "The SEC hasn't been leading the charge as much as they've been following it," said Howard Schiffman, a former enforcement-division attorney with the SEC.

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