SEC: Industry Staff Hired by Cox

Consumer and investor advocates have also been disappointed. Critics see an ideological link between the staff hired by Mr. Cox and today’s agency.

“When the chair doesn’t have a strong policy background, she is extremely dependent on her staff,” said Barbara Roper, the director of investor protection at the Consumer Federation of America. “Is there anyone on the staff in a high position in leadership, a single person to point to who has reform credentials, who isn’t someone from the industry?”