SEC Chairman Donaldson to Step Down

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Securities and Exchange Commission Chairman William Donaldson announces he will step down on June 30. He was appointed head of the SEC in 2003 in the aftermath of the Enron and WorldCom corruption scandals. Donaldson, known as an aggressive enforcer of U.S. securities laws, said in a statement that he was resigning to spend more time in the private sector and with his family.

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