Forum Post: SEC's alteration of it's method of detailing cases
Posted 12 years ago on Jan. 16, 2012, 1:26 p.m. EST by ThunderclapNewman
(1083)
from Nanty Glo, PA
This content is user submitted and not an official statement
I found this article interesting. Does this help us? I hope it does. I think it might be a step in the right direction.
Also, toward the end of the column there's an interesting thing about income disparity.
Nice Post!
(Where's the link though? Is this the one you were referring to, below?) I'm cautiously critical about this, I'm afraid. "...The change will apply to a minority (?) of the cases..."
but it is a step, however small it may be ...it really Is the very - L e a s t - they can do.
::::::::SEC Alters Method of Detailing Cases::::::::
http://www.post-gazette.com/pg/12015/1203455-435-0.stm
-January 15, 2012-
"""The change will apply to a minority of the cases the SEC brings. The agency turns criminal matters over to the U.S. Department of Justice, as is evident from stepped-up enforcement of insider trading and other securities laws."""
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SEC Destroys 9,000 Fraud Files Involving Wells Fargo, Bank of America, Citigroup, Goldman Sachs, Credit Suisse, Deutsche Bank, Morgan Stanley, Lehman
http://globaleconomicanalysis.blogspot.com/2011/08/sec-destroys-9000-fraud-files-involving.html
-Wednesday, August 17-
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Rolling Stone: Is the SEC Covering Up Wall Street Crimes? by Matt Taibbi
http://www.rollingstone.com/politics/news/is-the-sec-covering-up-wall-street-crimes-20110817
-August 17, 2011-
We'll see how this new 'm e t h o d o l o g y' works when we see who gets preferred treatment soon enough. The SEC has taken a lot of hits recently, I suspect this is all just Damage Control. A minimal consolation. But I really hope I am wrong.
"...The change will apply to a minority (?) of the cases..."
-lol- (isn't that what they were already doing? Altering methods? For a select few?)
Sorry! Don't know what happened to the link in the original posting, so I've edited above to include the link to the article.
Thanks for the heads up, good article.