Move SEC’s Enforcement to DOJ? Good Grief… (TheCorporateCounsel.net Blog)
TheCorporateCounsel.net Blog | September 25, 2009
Sometimes I see something that causes my brain to hurt and I can’t help but say something, such as this Bloomberg article that posits the idea of “spinning off” the SEC’s Enforcement Division to the Department of Justice because Enforcement
Merrill-BofA: Judge Jed Rakoff Exposes the Failures of the SEC (Georges Ugeux, HuffPo)
The Huffington Post | September 24, 2009
Who wouldn’t lie if the price of being caught is only one-half of 1 percent of what you would gain?
A QUICK AND EFFECTIVE SEC ENFORCEMENT EFFORT – SEC ACTIONS
SEC ACTIONS | September 24, 2009
Much has been written about the rejuvenation of SEC enforcement. No doubt much more will be written in the future. Perhaps the insider trading case filed Wednesday is a harbinger of good things to come for SEC Enforcement.
What the SEC Might Look Like If It Did Its Job: Susan Antilla (Susan Antilla, Bloomberg)
Bloomberg News | September 22, 2009
Some things get so hopelessly broken they can’t be fixed. I’ve been wondering if the U.S. Securities and Exchange Commission is one of them.
The S.E.C. and BofA: What’s Next? (DealBook)
DealBook | September 21, 2009
Judge Jed Rakoff’s decision to reject the settlement in the Securities and Exchange Commission v. Bank of America case raises a big question: What now?
SEC Bid to Speed Probes, Win Esteem Stumbles on Bank of America (David Scheer and Jesse Westbrook, Bloomberg)
Bloomberg News | September 21, 2009
SEC Chairman Mary Schapiro, overhauling an agency faulted for botching investigations of Bernard Madoff’s Ponzi scheme, is facing the first major setback of her own making.
Has the Gulf Coast become a Ponzi haven? (Michael Pollick, Herald Tribune)
Sarasota Herald-Tribune | September 21, 2009
This region has already moved onto the national stage as the home of some of the most notorious suspected scams, leaving some asking: Why here and why now?
Shattering the ‘facade of enforcement’ on Wall Street (Houston Chronicle)
Houston Chronicle | September 20, 2009
Such contrivances are the currency of Wall Street regulation, a charade in which investment banks show up at the courthouse, checkbook in hand, to pay for bad behavior like the rest of us pay the water bill. The SEC cashes that check, as if the payment is a measure of a job well done.
You’ll Get Nothing And Like It (The 10b-5 Daily)
The 10b-5 Daily | September 19, 2009
The court held that the objectors’ counsel, which it described as “remoras” (i.e., suckerfish), were “entitled to an award equal to their contribution . . . nothing.”