Cox was elected to Congress in 1988 from what was then California's 40th District.
He was re-elected eight more times from this Orange County-based district, which was renumbered as the 47th District in 1993 and the 48th District in 2003.
In 2006 the SEC launched a war against Internet financial spam, shutting down trading in companies that touted their stock by clogging investors’ in-boxes.
The study found that the rule—which had never applied on NASDAQ or to ECNs and other trading systems—had been rendered ineffective on the NYSE due to decimalization (that is, the reduction of the "tick" increment to a penny, as compared to the 1/8 or 12½¢ that was in effect when the rule was adopted in 1938). House hearing that the Commission was studying the potential institution of "a price test that could work with an increment of a nickel or dime" or some more meaningful amount.Charles Christopher Cox (born October 16, 1952) is an American lawyer and former Chairman of the U. Securities and Exchange Commission, a 17-year Republican member of the United States House of Representatives, and member of the White House staff in the Reagan Administration. After graduating from Saint Thomas Academy in Mendota Heights, Minnesota in 1970, Cox earned his B. at the University of Southern California in 1973, following an accelerated three-year course. From 1977 to 1986, Cox was first an associate and then partner with the international law firm of Latham & Watkins. The company had no connection to the Soviet government.Prior to his Washington service he was a practicing attorney, teacher, and entrepreneur. He was also a member of Delta Tau Delta fraternity. At the time of his retirement in 1986 he was the Partner in Charge of the Corporate Department in the Orange County office, and served as a member of the firm's national management. During the second term of Ronald Reagan from 1986 to 1988, he served as Senior Associate Counsel to the President.But neither these investments, nor the sales agents, were registered with state or federal securities regulators—and investors were frequently unaware that it would be impossible to get their money back for as much as 15 years without paying a stiff penalty.During Cox's tenure the SEC significantly expanded its international activity. Cox also initiated a mutual recognition process for foreign regulators, based on an assessment of whether the securities regulatory system in another country produces comparably high-quality results for investors, including in the area of enforcement.