President Bush's choice to head the Securities and Exchange Commission, Rep. Christopher Cox, said Tuesday his top priority would be vigorous enforcement of the securities laws to protect investors and thwart fraud.
Cox, a free-market conservative who could significantly shift the agency's focus from its recent activist regulatory stance, told the Senate Banking Committee at his confirmation hearing that the SEC "must be vigilant in behalf of investors and stalwart against fraud and unfair dealing."
"My top priority will be vigorous enforcement of our securities laws," Cox said in his opening statement to the panel.
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