July 26, 2005

SEC pick Cox promises vigorous enforcement

WASHINGTON (Reuters) - Rep. Christopher Cox, the White
House's pick to chair the U.S. 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 Senate
Banking Committee confirmation hearing.

He said the reforms in the post-Enron 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