The New York Times reports that Roel Campos, a democratic member of the Securities Exchange Commission has resigned. During his term as a Commissioner, Campos has sparred frequently with his Republican counterparts. President Bush will name a new Commissioner to replace Campos. Here is the NYT story: Democratic Commissioner to Leave S.E.C..
A new commissioner could affect the tone and balance of SEC deliberations, as recent 3-2 Commission splits on shareholder voting and other policy issues suggest a level of ideological disagreement that could be reduced significantly if the new Commissioner, who cannot be a Republican, assumes a more deregulatory stance.