Financial Times: It is vital that we all work together, says SEC
“…Cox… became chairman of the Securities and Exchange Commission in August…”: “He highlighted US “scandals” at Enron, WorldCom, HealthSouth, Global Crossing, Qwest and Tyco. But he said they were not unique to the US, and noted “European frauds” at Vivendi, Royal Dutch Shell and Parmalat. “Cross-border collaboration in international enforcement is growing in importance because massive financial frauds by major market participants have rocked the global financial world,” he said.”
Friday 7 October 2005
By Andrew Parker in New York
Published: October 7 2005
The new head of the chief US financial watchdog yesterday pledged co-operation with overseas securities regulators to nurture investor confidence.
Christopher Cox, who became chairman of the Securities and Exchange Commission in August, said cross-border collaboration was perhaps most important in dealing with wrongdoing by companies and individuals.
His speech, to a conference of lawyers, was the first time Mr Cox had publicly addressed the international dimension of his work.