Daily Archives: June 9, 2009, 3:01 pm

SEC Heal Thyself: Compliance Program Revamped

The Securities and Exchange Commission just hasn’t had enough bad news recently, so last month the media piled on even more: a probe of insider-trading allegedly going on inside the SEC. The discovery of these two allegedly errant enforcement attorneys is extremely disappointing, yes—but it is not a sign of a corrupt organization. It certainly is not a reason to “demolish” anything. What it does (painfully) highlight is the need for the SEC to modernize its own insider-trading compliance program.

Read More

DOJ Told SEC to Stand Down in its Stanford Investigation

The SEC was told to stand down in its investigation of Allen Stanford and his firm by the Department of Justice, according to Congressman Dennis Kucinich.  Kucinich, who is also the chairman of the Domestic Policy Subcommittee of the Oversight and Government Reform Committee, confirmed to the FOX Business Network that “It is our understanding that the SEC deferred to…

Read More

Accused Former Credit Suisse Broker Turns Fugitive, Costing Two Friends Their Homes Posted as Bail

If you can’t trust a “crooked Wall Streeter … accused of placing investors’ money in risky mortgage securities without their permission” who can you trust? Julian Tzolov, a former Credit Suisse broker who has been charged criminally for defrauding his clients and has been on house arrest, failed to return to his Fifth Avenue condominium on May 9, and is…

Read More