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Forum Post: SEC's alteration of it's method of detailing cases

Posted 2 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.

http://www.post-gazette.com/pg/12015/1203455-435-0.stm

3 Comments

3 Comments


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[-] 1 points by MonetizingDiscontent (1257) 2 years ago

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."""


( ( ( f l a s b a c k ) ) )

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-


( ( ( f l a s b a c k ) ) )

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?)

[-] 1 points by ThunderclapNewman (1083) from Nanty Glo, PA 2 years ago

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.

[-] 1 points by MonetizingDiscontent (1257) 2 years ago

Thanks for the heads up, good article.