Securities Industry Association: ‘SEC In Good Hands’ With Chairman Cox - Association Calls On New Chairman To Lead On Balanced, Effective Regulation

The Securities Industry Association on Friday July 30 congratulated newly confirmed Securities and Exchange Commission Chairman Christopher Cox, and said that it looked forward to working with him and the commission on balanced, effective regulation that meets the needs of both investors and the industry. The association also welcomed new Commissioner Annette Nazareth and congratulated Commissioner Roel Campos on his reappointment.

"As Chairman Cox takes charge of the SEC, he has the opportunity to solidify the commission's position as the preeminent national regulatory authority for the industry, improve securities regulation by returning balance to the process, and eliminating costly and unnecessary regulations," said SIA Chairman Danny Ludeman, president and chief executive officer, Wachovia Securities.

“The SEC is in good hands with Chairman Cox,” said SIA President Marc E. Lackritz. “He has an excellent knowledge of the industry and the capital markets. We are ready to work with him to achieve effective investor protection and provide relief to the industry from burdensome, costly, and unnecessary regulation.”