SEC's Cox says "voluntary regulation doesn't work"

09/24/2008 | InvestmentNews (free registration) · CNBC

Securities and Exchange Commission Chairman Christopher Cox said during a Senate Banking Committee hearing Tuesday that "voluntary regulation doesn't work." He said he is seriously concerned that no government agency has regulatory authority over investment banks. He wants the SEC to be granted authority to require disclosure statements as well as power over products such as credit-default swaps.

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InvestmentNews (free registration) · CNBC

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