Enter multiple symbols separated by commas

Roel C. Campos to Leave the SEC Next Month

Roel C. Campos, a member of the Securities and Exchange Commission, announced Thursday that he will leave the agency next month, about three years before his second term expires.

Campos, 58, a Texan who is the son of Mexican immigrants, was the first Hispanic to serve as a commissioner of the 74-year-old market watchdog agency. One of two Democrats on the five-member commission, he was first appointed by President Bush in July 2002, at the height of the corporate scandals crisis.

Campos, a lawyer, said he plans to return to the private sector. Before coming to the SEC, he was operator and general counsel of El Dorado Communications, a broadcasting and communications company in Houston. Before starting the company, he practiced law and was an assistant U.S. attorney in Los Angeles.

Campos, who served as the SEC's liaison to international regulatory agencies, was widely considered the most liberal of the five current SEC commissioners. In a statement, SEC Chairman Christopher Cox said Campos "has worked tirelessly, both at home and abroad, for the protection of investors and the betterment of U.S. markets."

Names surfacing as leading candidates to replace Campos, to be put forward by Senate Democrats, include Luis Aguilar, the former general counsel of investment management firm Invesco.

Paul Atkins, a Republican commissioner, has been under consideration by the White House to head another regulatory agency, the Commodity Futures Trading Commission.

Contact U.S. News


    Get the best of CNBC in your inbox

    Please choose a subscription

    Please enter a valid email address
    To learn more about how we use your information,
    please read our Privacy Policy.

Don't Miss

U.S. Video

  • Hero miles for military members: Real estate magnate's plea

    Chairman of the Fisher House Foundation, Ken Fisher, discusses the Hero Miles program with CNBC's Dina Gusovsky. During Military Appreciation Month, Fisher is asking every traveler to donate 1,000 of their miles to replenish the Hero Miles programs that is in danger of running out.

  • Cramer shuts down this market's haters

    "Mad Money" host Jim Cramer on why this market can't stop, won't stop.

  • From the battlefield to the boardroom

    Your Grateful Nation is dedicated to helping Special Forces veterans enter the corporate world and Knot Standard provides complimentary suits to vets. Mad Money's Jim Cramer spoke with Rob Clapper, Your Grateful executive director; John Ballay, Knot Standard co-founder and president; Tej Gill, retired U.S. Navy Seal; and Darren McB, active duty U.S. Navy Seal.