SEC Chairman Resigns
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SEC Chairman Resigns

January 20, 2009 – 11:42 pm – No Comment

Christopher Cox, chairman of the Securities and Exchange Commission, resigned today and left his post as one of the five members of the SEC.

The resignation was expected. President Obama nominated Mary Schapiro to lead the SEC and is waiting for her to be confirmed by the Senate. Until then, he is expected to name one of the four remaining commissioners to head the SEC.

This is a hard time to be in any public office. The SEC chairperson will have a lot of weight on his or her shoulders and will be blamed for things that may or may not be his or her fault.

Jeremy
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