|
WASHINGTON (AP) - President Bush's choice to head the Securities and Exchange Commission, Rep. Christopher Cox, has hundreds of thousands of dollars in money-market and mutual funds and large holdings in stocks of some big companies, his financial report shows.
Bush last month selected Cox, a California Republican who is a free-market conservative, to head the SEC after the surprise resignation of Chairman William Donaldson, whom Bush had installed to help restore confidence in a stock market shaken by corporate scandals. In his financial disclosure report prepared for his Senate confirmation hearing, which became available Tuesday, Cox lists total holdings of between $565,004 and $1.15 million in stock of Coca-Cola Co., Newmont Mining Corp., Continental Airlines Inc. and Gold Fields Ltd. of South Africa.
His wife, Rebecca, is a lobbyist for Continental, the fifth-largest U.S. carrier. The airline's chief executive officer told shareholders at the annual meeting last month that their relationship isn't expected to present any conflicts of interest with Cox as SEC chairman.
|
|