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The departure of two of the five SEC commissioners, both Democrats, leaves three Republican commissioners � and deep worries among the investor community. Typically, commissioners chosen by Democrats have had a solid background in safeguarding investors' rights. Yet the candidates now promoted by two Democratic senators appear to have no such background. Appointing commissioners beholden to Wall Street would dash any hope that a new Democratic administration will bring much needed reform of U.S. companies.
October 29, 2007 at 12:00 AM
1 minute read
The original version of this story was published on National Law Journal
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