SEC Chairman Cox: SEC role remains as Investor Advocate.Apparently determined to stymie sty·mie also sty·my tr.v. sty·mied , sty·mie·ing also sty·my·ing , sty·mies To thwart; stump: a problem in thermodynamics that stymied half the class. n. 1. debate over whether he would favor business interests over those of investors, the newly-appointed U.S. Securities and Exchange Commission (SEC) Chairman Christopher Cox came out squarely square·ly adv. 1. Mathematics At right angles: sawed the beam squarely. 2. In a square shape. 3. on the side of investors. "The SEC serves the interests of investors," he stated, "and the Department of Commerce serves the interests of the country's business." If business is investor-friendly, he said, "the SEC will be friendly to it." But, he cautioned, "Anyone who attempts to drive a wedge [between the SEC and investors] will find itself with a relentless adversary adversary traditional appellation of Satan [O.T.: Job 1:6; N.T.: I Peter 5:8] See : Devil [in the SEC]." He said, however, that he believes "the vast majority of businesses get it, [but] we are concerned about the ones that don't don't 1. Contraction of do not. 2. Nonstandard Contraction of does not. n. A statement of what should not be done: a list of the dos and don'ts. ." Cox was sworn in by Federal Reserve Chairman Alan Greenspan Alan Greenspan Dr. Greenspan is Chairman of the Board of Governors of the Federal Reserve System. Dr. Greenspan also serves as Chairman of the Federal Open Market Committee (FOMC), the Fed's principal monetary policymaking body. to become the SEC's 28th chairman on August 3, after a speedy Senate confirmation in previous days. He addressed his staff early on the morning of August 4, his first day at his new office in Washington, D.C. |
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