The U.S. Senate on July 29, the last day before a five-week
recess, confirmed the nominations of Christopher Cox, Annette Nazareth,
and Roel Campos to serve as Members of the Securities and Exchange
Commission. The confirmation was by unanimous consent of the Senate.
Cox, who has been designated Chairman, will serve until 2009, and
Nazareth will serve until 2007; Campos's reappointment is until 2010.
Cox said in a press release that he hopes to be sworn in as Chairman on
August 3 and to begin work at the SEC on Thursday, August 4.
The Senate Banking Committee held a hearing on the three
nominations on July 26. In a written statement, Cox said that his top
priorities as Chairman will be vigorous enforcement of the securities
laws; cultivating respect for the rule of law in the capital markets,
through continuity, clarity, and consistency in the SEC's rulemaking and
enforcement responsibilities; ensuring that the rules governing the
capital markets keep pace with advancing technology; and working to
ensure the continuity of critical operations in the financial sector in
the event of another terrorist attack. The hearing documents are
available, and the entire hearing is archived on RealVideo, at
John M. Baker <JMB@...
Stradley Ronon Stevens & Young, LLP http://www.stradley.com
1220 19th Street NW, Suite 600
Washington DC 20036
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