Tag SEC

SEC “befuddled” again

Ex-SEC lawyer: Madoff report misses point An ex-SEC lawyer says their report on how they blew the Madoff investigation focuses too much on staff and too little on supervisors. The SEC inspector general said he was “befuddled” by her remarks.…

The SEC’s new enforcer

Look out derivative and credit default swap traders — Dr. Henry Hu is coming to town. In a startling departure for the SEC, Hu possesses actual competence in financial matters and may actually enforce regulations. What a concept.

GAO: Cox’s SEC discouraged corporate punishment

In a report released publicly today, the General Accountability Office said that policies put in place during the tenure of former Securities and Exchange Commission Chairman Christopher Cox were thought within the agency to have hampered investigations, discouraged staff from…

Stanford, Madoff, the SEC

Doug Henwood Apparently the SEC has known that something was fishy with Stanford for years. The same with Madoff before him. Yet they did nothing. Was this corruption? Bribery? Self-censorship? Complacency? Probably all of them. But this is a society…