Donaldson Reforms May Come Under Scrutiny

For someone with close ties to Wall Street and the top echelons of corporate America, William Donaldson showed an independent streak as the head of the Securities and Exchange Commission.

Donaldson tightened regulatory requirements for all of corporate America, hoping to avoid the kind of scandals that toppled Enron and WorldCom. He battled for better oversight for mutual funds, and in March oversaw the SEC's passage of a rule to ensure that investors get the best price for their stocks, even it that meant a slower trade execution.

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