June 1, 2009
Cox Undermined Enforcement's Efforts, According to Washington Post
The Washington Post has an in-depth story charging that former SEC Chairman Cox undermined the enforcement division's efforts to investigate corporate wrongdoing and punish those involved. It is based on 19 interviews with current and former SEC officials and focuses on the SEC's settlement of accounting fraud charges against Biovail, where the Commission cut the proposed corporate penalties without consultation with the enforcement attorneys handling the case. WPost, In Cox Years at the SEC, Policies Undercut Action.
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