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Industry Congratulates Cox - SEC Should Emphasize Elimination Of Burdensome Regulations, Balance Between Regulation And Competition

Date 03/08/2005

The Securities Industry Association today congratulated newly sworn-in Securities And Exchange Commission Chairman Christopher Cox on the bipartisan support he received during the confirmation process and the start of his tenure as chairman.

“The SEC has a knowledgeable and qualified chairman in Christopher Cox,” said SIA Chairman Danny Ludeman, president and chief executive officer, Wachovia Securities. “He has a unique opportunity to solidify the SEC’s position as a preeminent regulator. We look forward to working with him and the other commissioners.”

"Chairman Cox's professional background and tenure in Congress have demonstrated a broad understanding of the securities industry and its importance to the economy," said SIA President Marc Lackritz. "We encourage him to lead the agency to consider less costly regulation, more balanced supervision, and uniform national and international standards."