"Working together, we can be much, much stronger," Cox told reporters. In fact, Federal and state regulators are increasingly collaborating on cases, he said.
Spitzer characterized his relationship with Cox and his predecessor William Donaldson as "wonderful," although this has not always been the case with the New York A.G. and the SEC. Spitzer actually did clash with Donaldson and his team over the issue of lowering mutual fund fees. The SEC maintained that was an issue unrelated to mutual fund late trading and market timing.