Cox Quits at SEC, Leaves Schapiro to Restore Clout (Bloomberg)

Bloomberg – Jan. 21 (Bloomberg) — Christopher Cox stepped down as U.S.
Securities and Exchange Commission chairman, leaving behind a
demoralized agency that failed to spot Bernard Madoff’s alleged
fraud and had its role diminished by the collapse of Bear Stearns
Cos. and Lehman Brothers Holdings Inc.

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