Cox leaves SEC quietly

Christopher Cox, fairly or not, was a lightening rod for criticism during his three and a half year tenure as chairman of the SEC. Toward the end, events really escalated, notably the Madoff affair and the crisis on Wall Street in general.

From a compliance point of view, he'll be associated with some pretty big decisions, the moves toward international financial standards for one thing, as well as the move toward XBRL. Small companies owe him some thanks for delaying the deadline by which non-accelerated filers must comply with section 404b. The proposed new chairman, Mary Shapiro, has yet to be confirmed. It's not likely she'll face huge opposition. She'll be faced with some huge issues right off the bat.

For more:
- here's the CFO.com article

Related Articles:
Christopher Cox news from FierceSarbox
SEC news from FierceSarbox