Cox Disclosure Initiative: Window Dressing?

The article focuses on U.S. Securities & Exchange Commission (SEC) in light of the scheduled departure of SEC Chairman Chris Cox. The SEC has three new commissioners--Luis Aguilar, Elisse Walter, and Tony Paredes--who were confirmed by the U.S. Senate. The "21st Century Disclosure Initiative," proposed rules for credit rating agencies, and the passage of the Credit Rating Agency Reform Act are mentioned.