SEC chief steps down
Chairman of the US Securities & Exchange Commission (SEC) William Donaldson has resigned his position to return to the private sector, leaving a demanding job at the country's lead regulatory agency of the securities industry.
He said in his announcement: "When I assumed the chairmanship of the Commission roughly two and a half years ago, public confidence was severely undermined, reflecting the corporate and financial scandals that had shaken the nation. Thanks to the dedicated efforts of the many professionals who serve at the SEC, this period has represented an extraordinarily active and effective time for the agency. It may well be remembered as the most consequential and productive period in the
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