William Donaldson resigns from the SEC
The sands at the SEC are shifting.
This resignation plus new Supreme Court guidance on Andersen may equal investigatory impacts as Donaldson is replaced.
From MSNBC, William Donaldson resigns as Chair of the SEC.
Donaldson moved quickly to oversee various SEC investigations into corporate wrongdoing on Wall Street, but during his tenure he also came under fire for pursuing what some business interests saw as an overly aggressive regulatory agenda. “He was a strong enforcer and an independent — a free spirit, if there is such a thing for a regulator,” said Paul R. Brown, professor of accounting at the New York University Stern School of Business.