Roel Campos announced plans to step down from his seat on the US Securities and Exchange Commission in a month to return to the private sector. It's doubtful he'll go back to broadcasting, though. Bloomberg reports that he's likely to join Cooley Godward Kronish, a major law firm that specializes in high tech and venture capital clients.
Before his appointment to the SEC by President George W. Bush in 2002, Campos had been Tom Castros' partner in launching, building and then selling El Dorado Communications, which owned a number of Spanish-language radio stations.
"I have been quite fortunate and privileged to have served the American investor at a crucial period in the history of US markets. I am greatly honored to have worked closely with great public servants, Chairman Chris Cox and his predecessors, Bill Donaldson and Harvey Pitt, as well as my fellow Commissioners," said Campos in announcing his plans to depart the SEC.
SmartMedia observation: By all accounts, Campos has been an excellent commissioner, able to work both sides of the political fence and balance the desires of Wall Street firms against the interests of small investors. Although he is a Democrat, there was some talk in Washington after Chairman Donaldson left that President Bush might name fellow Texan Campos to the chair. That was not to be, but that it was even mentioned as a possibility shows how well respected he is in both parties.