Very quietly, SEC Chairman Christopher Cox resigned on Tuesday, a move that became effective at noon. His resignation was not announced, but was confirmed by agency spokesman John Nester, Bloomberg reports. Cox also relinquished his position as one of the five members of the SEC, the AP reports.
Bloomberg reports that unless President Obama chooses otherwise, Republican Kathleen Casey, the most senior SEC commissioner, will serve as acting chairman until the Senate confirms the person nominated to be Cox’s successor.
