BusinessCompany NewsSEC chief-elect faces Senate grilling

SEC chief-elect faces Senate grilling

Chairman of the Securities and Exchange Commission nominee, William Donaldson, faces a tough grilling into his past before he will be able to take over the reigns at the US financial watchdog.

Link: Donaldson: A cool head to lead the SEC

While most commentators believe Donaldson will eventually be appointed Harvey Pitt’s successor, past activities will be brought up in front of a Senate banking committee in January.

According to the Financial Times, of specific interest to the committee will be Donaldson’s stance on listing standards for non-US companies.

But John Coffee, securities law expert at Columbia University, told the FT that Donaldson would prevail. ‘Donaldson is pretty much the opposite of Harvey Pitt,’ he said. ‘He is not combative, he is conciliatory. He doesn’t have strong opinions. If something is embarrassing the SEC, he’ll stop it.’

Related Articles

M&S business rate liabilities based on £570m rateable value

Company News M&S business rate liabilities based on £570m rateable value

4m Emma Smith, Managing Editor
BDO replaces Deloitte as Mitie auditor

Audit BDO replaces Deloitte as Mitie auditor

8m Emma Smith, Managing Editor
CVR Global appoints partner in London office

Company News CVR Global appoints partner in London office

12m Alia Shoaib, Reporter
FTSE100 failing to provide adequate ethics information

Company News FTSE100 failing to provide adequate ethics information

1y Alia Shoaib, Reporter
Moore Stephens recruits new private client partner

Accounting Firms Moore Stephens recruits new private client partner

1y Emma Smith, Managing Editor
Magma Group announces merger, partner promotions

Accounting Firms Magma Group announces merger, partner promotions

1y Emma Smith, Managing Editor
BDO on ‘recruitment spree’ with multiple partner appointments

Accounting Firms BDO on ‘recruitment spree’ with multiple partner appointments

1y Emma Smith, Managing Editor
Brand strength leads to fee income growth for RSM

Accounting Firms Brand strength leads to fee income growth for RSM

1y Emma Smith, Managing Editor