Donaldson steps down as SEC chairman

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William Donaldson’s 28-month tenure as chairman of the Securities and Exchange Commission came to a close at the end of June and all eyes are now on his successor, California congressman Christopher Cox (Republican), a Harvard-trained lawyer first elected to Congress in 1988.

Joining the SEC in early 2003 as the twenty-seventh chairman, Donaldson assumed his position at a time when high-profile corporate scandals including the demise of Enron and WorldCom had significantly reduced investor co

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