Bush Chooses Conservative Cox to Lead SEC

I guess future Enrons will stay buried.--Dictynna

By THE ASSOCIATED PRESS
Published: June 2, 2005

Filed at 11:05 a.m. ET

WASHINGTON (AP) -- Acting quickly, President Bush named conservative Rep. Christopher Cox to lead the Securities and Exchange Commission Thursday. Cox would succeed William Donaldson, who announced the day before he was stepping down after 28 months.

With Cox at his side at a White House ceremony, Bush said the Californian is ''a champion of the free enterprise system in Congress. ... He'll be an outstanding leader of the SEC.''

Cox, 52, a member of the House Republican leadership, has a wide-ranging background, from foreign policy and economic issues to homeland security. He has represented California in Congress for 16 years. Before that, he was a corporate finance lawyer in private practice and served as a senior counsel in the Reagan White House.