It was announced last Thursday that SEC Commissioner Roel Campos will be leaving the Securities and Exchange Commission in a month's time, and plans to return to the private sector.
Currently serving his second term, Mr. Campos was first appointed by President George W. Bush and confirmed by the US Senate as a Commissioner in August 2002.
In a statement signing the praises of the outgoing Commissioner, the US securities regulator observed that:
"Mr Campos has served during one of the busiest and most productive periods in the history of the SEC. Mr Campos developed a reputation as a fierce advocate for investors. He fought for the elimination of conflicts, enhanced issuer disclosure, improved corporate governance, and greater shareholder rights with respect to the election of directors."
"As a former prosecutor, Mr Campos supported an aggressive SEC enforcement program to restore investor confidence in the wake of the infamous corporate scandals at Enron, WorldCom and other companies. Mr Campos also represented the Commission with international regulators, serving as Vice Chair of the Technical Committee of the International Organization of Securities Commissions. He championed high standards and strong investor protections in jurisdictions around the world. Such high standards, he argued, attract capital and ultimately create strong markets."
SEC Chairmam, Christopher Cox added that:
"Commissioner Campos has worked tirelessly, both at home and abroad, for the protection of investors and the betterment of US markets. At a time when international collaboration among securities regulators has been key to our enforcement and investor protection missions, Roel Campos has led the way. As a result of his exceptional devotion to raising investor protection standards around the globe — in both developed and developing markets — he is respected and admired among national regulators and international securities regulatory organizations throughout the world."
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