Baker followed up the hearings by sending a letter to SEC Chairman William Donaldson .
William Donaldson, his nominated successor, awaiting Senate approval, will now tie up the loose ends of Sarbanes-Oxley.
ECONOMIST: The SEC pulls its punches on corporate-governance rules
He further called for SEC Chairman William Donaldson to make better use of his bully pulpit in championing financial reform.
The new head, William Donaldson, a former chairman of the New York Stock Exchange, will need to tread more deftly.
When Grasso replaced William Donaldson as the Big Board's chief in 1994, Reuters covered the story in a 147-word news brief.
William Donaldson, the SEC chairman, is calling for yet another disclosure review.
Today, he spoke with the former chairman of the Securities and Exchange Commission William Donaldson about how a lack of regulation helped create the downturn.
This is far smaller than the footprint recommended in 2006 by an outside panel created by former SEC Chairman William Donaldson to explore relief for smaller public companies.
William Donaldson, the current SEC chairman, and Alan Greenspan, chairman of the Federal Reserve, have both publicly expressed concern that too much regulation could be hampering confidence and entrepreneurship.
In the afternoon, witnesses include Christopher Cox and William Donaldson, two former chairmen of the Securities and Exchange Commission, the agency that has been criticized for failing to adequately police the derivatives and trading activities of Wall Street firms.
Robert Bennett, R-Utah, told then SEC Chairman William Donaldson that his constituents, among them Internet retailer Overstock.com (nasdaq: OSTK - news - people ), had complained that a regulation designed to curb abusive trading was not working.
Robert Bennett, R-Utah, told then SEC Chairman William Donaldson that his constituents, among them Internet retailer Overstock.com (nasdaq: OSTK - news - people ), had complained that a new regulation designed to curb abusive trading was not working.
The letter was signed by Nigel Dodds, Jeffrey Donaldson, Gregory Campbell, William McCrea, Sammy Wilson, David Simpson, Ian Paisley Junior and Jim Shannon.
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