Remaining Democrat Leaves SEC

Commission now a one-party shop after 2nd departure in month

By J. Kelman, Newser User

Posted Oct 3, 2007 11:38 AM CDT

(Newser) – The Securities and Exchange Commission is down to three lone Republicans after the second Democrat in a month resigned yesterday, MarketWatch writes. Annette Nazareth's departure comes just two weeks after Roel Campos left the 5-seat board. And the single-party rule makes some observers—who fear that the commission will become less proactive on enforcement—twitchy, USA Today reports.

Nazareth and Campos had taken a hard line against their Republican counterparts, especially in favor of enforcing regulations and fining violators. Although the SEC's political diversity is mandated by law—no more than three of five members can belong to one party—the commission often operates with open seats, and no replacements have been named.

Securities and Exchange Commission (SEC) Chairman Christopher Cox, center, and his fellow commissioners, from left, Annette Nazareth, Paul Atkins, Roel Campos and Kathleen Casey, wait to testify on Capitol... (Associated Press)

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Remaining Democrat Leaves SEC

Commission now a one-party shop after 2nd departure in month

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Remaining Democrat Leaves SEC

Commission now a one-party shop after 2nd departure in month

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OTHER STORIES ON OUR RADAR

Annette Nazareth: Additional Info

Related articles and blogs

SEC • Christopher Cox • Roel Campos • Annette Nazareth • SEC commissioners • corporate governance

MOST POPULAR STORIES

[ By Views ]

[ By Comments ]

More Newser Stories

New SEC Chief Moves Fast to Restore Agency

Schapiro fills openings, reverses Bush policies at battered regulator

SEC Chair Cox Fiddled as US Markets Burned

'Exceedingly cautious' approach had Paulson looking to kill agency

Watchdog: SEC Sued Goldman to Bury Ponzi Probe

SEC official quashed Stanford probe then sought to represent him

SEC Loses Bid to Help Wall St. Drop Regulation

Judge nixes attempt to loosen rule designed to protect investors

SEC Moves to Ban Lightning-Fast Trading

Flash orders let big investors buy and sell in milliseconds, harming slower traders

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Newser By Users

Community

Site Maps

Tools

More News

What is Newser?