Securities Law Prof Blog

Editor: Eric C. Chaffee
Univ. of Toledo College of Law

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Friday, June 27, 2008

Senate Confirms New SEC Commissioners

Apparently the Senate confirmed the nominations of Troy Paredes, Luis Aguilar and Elisse Walter to the SEC today, since Chairman Cox referred to three new Commissioners, although it seems odd that he didn't name them:

"The President and the Senate have given the SEC three outstanding Commissioners. I look forward to welcoming them to their important positions of leadership in the finest securities regulatory agency in the world. The SEC has laid out an ambitious agenda to improve investor protection and financial markets regulation, and a full complement of Commissioners will help us achieve those important objectives."

Note the Chairman's reference to the SEC's "ambitious agenda."  CFO.com has an interesting article disclosing internal SEC memoranda from Mr. Cox that express his displeasure at recent criticism of his less-than-central involvement in the bailout of Bear Stearns and reports of the agency's demise.  CFO.com, Angry Cox Expects SEC to Grow, Not Die.

http://lawprofessors.typepad.com/securities/2008/06/senate-confirms.html

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