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SEC chief steps down

August 17, 2012, 9:39 pm

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Chairman of the Securities Exchange Commission Tilak Karunaratne resigned form his post yesterday.


Karunaratne said that some brokers and investors had become powerful enough to influence his resignation commenting "imagine how powerful they must be for them to influence me to resign."


He had said that his decision to continue to investigate fraudulent transactions had resulted in pressure being created for his resignation.


 
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