Commercial News
5/8/2008 8:33:07 AM EST
SEC's Cox Calls For Better Oversight Of Wall Street Banks
WASHINGTON – (AP) The Securities and Exchange Commission or some other financial regulator should be given clear authority to oversee all operations of Wall Street's largest investment banks, SEC Chairman Christopher Cox said Wednesday.
In a speech to a meeting of the Security Traders Association, Cox said voluntary consolidated oversight of such banks by the SEC "is no longer enough" … Full version (available to lexis.com subscribers)
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