How Might Rulemaking Change under Cox?

SEC chairman William Donaldson's announcement that he will step down on June 30 threatens (or promises) to swing the regulatory balance of power.

Ever since Christopher Cox was nominated to succeed William Donaldson as chairman of the Securities and Exchange Commission chairman, interested parties have been maneuvering to influence his confirmation, or at least his agenda.

Donaldson, a Republican who was appointed by George W. Bush, has sided with Democratic commissioners Harvey Goldschmid and Roel Campos on a number of high-profile issues such as mutual fund and corporate governance, stock trading, and hedge fund regulation. Those positions were opposed by the SEC's two other Republicans, Paul Atkins and Cynthia Glassman.

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