Daily Archives: January 5, 2009, 11:59 pm

Securities Docket News Wire for Jan. 5, 2009

Federal Prosecutors Ask Court to Revoke Madoff’s Bail, Imprison Him Pre-Trial. http://is.gd/eD4o # House Committee on Financial Services Madoff Hearing Begins at 2 PM Today, Can be Viewed Live. http://is.gd/eC5P # Great webcast tomorrow: 2008 Year in Review–Securities Litigation and Enforcement. Please sign up here. http://is.gd/eBbo # Bernard L. Madoff Investment Securities examined at least eight times in 16 years…

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House Committee on Financial Services Madoff Hearing Begins at 2 PM Today, Can be Viewed Live

The House Committee on Financial Services is set to begin a Full Committee Meeting today at 2:00 p.m., to hear testimony on “Assessing the Madoff Ponzi and the Need for Regulatory Reform.”  Among the witneses scheduled to appear today are H. David Kotz, Inspector General, SEC; and Stephen P. Harbeck, President, Securities Investor Protection Corporation. To watch the Committee meeting…

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SEC — Wall Street Revolving Door Not the Problem

In a Sunday op-ed piece in the NY Times, Michael Lewis and David Einhart argue that the revolving door of SEC enforcement attorneys to high-paying Wall Street jobs is a deterrent to the SEC working hard to penalize serious corporate and management malfeasance. They add that the “perfectly obvious” answer to this problem is to “forbid regulators, for some meaningful amount of time after they have left the S.E.C., from accepting high-paying jobs with Wall Street firms.” I think this suggestion is off-base, and may have an opposite effect to that which is intended.

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January 14 Webcast: Madoff Litigation — Can the Lost Billions be Recovered? How?

On January 14, NERA Economic Consulting is sponsoring a Securities Docket webcast that will address critical questions arising from Bernard Madoff’s alleged $50 billion scheme: How much money has been lost? Where did it go? What avenues of possible recovery exist and what are the chances of success? Who is entitled to recover? Please join panelists Gerald Silk of Bernstein…

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