LAWFUEL – The Law News Network – With his wife Rebecca standing at his side, Chris Cox took the oath of
office to become the 28th Chairman of the Securities and Exchange Commission
from Federal Reserve Chairman Alan Greenspan.
“It is an honor to lead the Securities and Exchange Commission, and to be
sworn in by so wise and able a champion of America’s capital markets,”
Chairman Cox said. “In his 18 years of service, Chairman Greenspan has been
a great friend to investors through his focus on healthy, growing capital
markets and the importance of personal savings.”
Greenspan and Cox first met nearly 20 years ago, in the Oval Office, when
President Reagan formed the so-called ‘Brady Commission’ to investigate the
causes of the 1987 stock market crash. Cox, then a White House lawyer, was
the White House liaison to the Commission.
Over the years, as a member of the House Budget Committee and the House
Financial Services Committee, Cox renewed his acquaintance with Greenspan,
whom he has long admired.
Chairman Cox will officially begin his duties tomorrow. His first day’s
schedule includes a mid-morning address to the SEC staff in the Commission’s
auditorium.
Chairman Cox was nominated by President Bush on June 2, 2005, and
unanimously confirmed by the Senate on July 29, 2005. For the past 10
years, he has served in the elected majority Leadership of the House of
Representatives. Most recently, he was Chairman of the House Committee on
Homeland Security. Prior to his election to Congress in 1988, he served as
a White House counsel to President Reagan; as a securities partner in the
law firm of Latham & Watkins; as a member of the faculty of Harvard Business
School; and as the co-founder of Context Corporation, publisher of the
English translation of the Soviet Union’s daily newspaper, Pravda.
