POLITICS
07/01/2009 05:12 am ET Updated May 25, 2011

Former SEC Chair Cox Undermined Enforcement Efforts

The five enforcement officials caught a morning Acela train bound for Washington. Based at the New York office of the Securities and Exchange Commission, the team was seeking agency approval to impose tens of millions of dollars in fines on a drug company, Biovail, which had allegedly used the crash of a truck hauling depression medicine to cover up financial losses.

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