Tag: Video

Video: Lynn Turner’s Congressional Testimony on “Systematic Gutting” of SEC’s Capabilities

Lynn Turner, former chief accountant of the SEC, testified before Congress yesterday concerning the “systematic gutting” of the SEC’s capabilities through the cutting back of staff, including the surprising revelation that the SEC’s Office of Risk Assessment dwindled down to just one person in February 2008.  The relevant portion of Mr. Turner’s testimony begins at at 2:07:30 and runs through…

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Video: “Where Was the SEC?”

You know it has been a brutal period for the SEC when there have been not one but two major network video news reports in the last two weeks entitled, “Where Was the  SEC” — on different topics! The latest one from ABC News, on the Aguirre/Pequot Capital story, is below.  The prior one from CBS News on the financial…

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