Washington – Securities and Exchange Commission member Roel Campos, who sparred with agency Republicans over how heavily to penalize companies for securities violations, will depart in a month for the private sector.
Campos, 58, one of two Democrats on the five-member panel, was its first Hispanic commissioner. He represented the SEC in its collaborations with international regulators after being appointed in 2002, the agency said in a statement Thursday.
During Campos’ tenure, the Washington-based SEC presided over the biggest overhaul of market regulation since the 1930s, responding to scandals at Enron Corp. and WorldCom Inc. He helped implement provisions of the Sarbanes-Oxley law, including stiffer audit requirements for public companies.
“I have been quite fortunate and privileged to have served the American investor at a crucial period in the history of U.S. markets,” Campos said in the agency’s statement.
