According to a report published in the Washington Post today, Chairman Christopher Cox coolly defended the SEC against criticism that its policies are harming businesses.

The SEC has been the target of shareholder advocates who claim that the its actions, specifically a recent enforcement policy that severely restricts the agency's lawyers' ability to negotiate fines and the agency's legal position in an upcoming Supreme Court case that would let investors recoup their losses from investment banks, will mean more responsibilities for an increasingly overburdened business community.

Chairman Christopher Cox Securities and Exchange Commission