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 WASHINGTON (AP) - President Bush chose California Rep. Christopher Cox on Thursday to run the Securities and Exchange Commission, assigning him the delicate regulatory dance of protecting investors' rights while not stifling business.
Cox, a conservative 16-year veteran of the House, would replace William Donaldson, a Republican who turned out to be a firm regulator and often clashed with GOP business allies during his 2 1/2 years at the helm.
The White House announcement came one day after Donaldson, 74, said he would leave at the end of this month.
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