Nominee for US SEC chairman has large fund, stock holdings


  • Business
  • Wednesday, 13 Jul 2005

WASHINGTON (AP) - President George W. Bush's choice to head the Securities and Exchange Commission, Rep. Christopher Cox, has hundreds of thousands of dollars in money-market and mutual funds and large holdings in stocks of some big companies, his financial report shows. 

Bush last month selected Cox, a California Republican who is a free-market conservative, to head the SEC after the surprise resignation of Chairman William Donaldson, whom Bush had installed to help restore confidence in a stock market shaken by corporate scandals. 

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