The 28th Chairman of the Securities and Exchange Commission (SEC), Christopher Cox, was sworn in by Federal Reserve Chairman Alan Greenspan on Wednesday, August 3. Chairman Cox will officially begin his duties on Thursday, August 4.

“It is an honor to lead the Securities and Exchange Commission, and to be sworn in by so wise and able a champion of America’s capital markets,” said Chairman Cox after he was sworn in. “In his 18 years of service, Chairman Greenspan has been a great friend to investors through his focus on healthy, growing capital markets and the importance of personal savings.”

Cox and Greenspan met when then-President Reagan formed the “Brady Commission” to investigate the causes of the 1987 stock market crash nearly 20 years ago. Cox was a White House lawyer and acted as liaison to the Commission. Elected to Congress in 1988, Cox has served as a member of the House Budget Committee and the House Financial Services Committee. He was nominated for the SEC Chair on June 2, 2005 by President Bush and unanimously confirmed by the Senate on July 29, 2005.