Representative Christopher Cox, the White House's pick to chair the US Securities and Exchange Commission, said on Tuesday his "top priority will be vigorous enforcement of our securities laws." The California Republican pledged "continuity, clarity, and consistency in the commission's rule-making and enforcement responsibilities," in written remarks prepared for his confirmation hearing before the Senate Banking Committee.
He said the post-Enron reforms in the Sarbanes-Oxley corporate and accounting law were "absolutely necessary to bolster confidence in the integrity of our markets. Sarbanes-Oxley is now a pillar of our securities regulatory charter."
Comments
Comments are closed.