Fiscal Year 2009: The SEC’s Year from Hell
securitiesdocket.com 10/14/2009 — For the Securities and Exchange Commission, which operates on a fiscal year that ends every September, Oct. 1, 2009, could not come soon enough. It seems almost beyond dispute that the agency’s fiscal 2009 was the most dismal in its history, and perhaps the most transformational. Now it ...

SEC Self-Funding: The Time Has Come
feedproxy.google.com 9/9/2009 — B. Carton As I argued in this column last month, the Securities and Exchange Commission budget has been well below where it should be for several years. This shortfall has caused the SEC to suffer a 10 percent reduction in staff and a cut of more than 50 percent in its new technology ...

Fixing the SEC
ritholtz.com 10/1/2009 — The problems at the SEC were decades in the making. Essentially the largest prosecutor’s office in the country, they have been undercut at every turn: Their staffing was far too small to handle the jurisdiction (Wall Street and corporate ...

Fixng the SEC
ritholtz.com 9/30/2009 — The problems at the SEC were decades in the making. Essentially the largest prosecutor’s office in the country, they have been undercut at every turn: Their staffing was far too small to handle the jurisdiction (Wall Street and corporate ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION: Form 8-K
sec.gov 7/24/2009 —

The SEC’s massive Friday night dump…
footnoted.org 11/3/2009 — By now, you’ve probably heard or read about the massive document dump that the SEC unleashed on Friday night: 536 exhibits related to the Bernie Madoff case. Reading all of these — even figuring out which ones are worth reading — ...

The Rakoff Decision: The SEC Will Be Changed Forever
247wallst.com 9/15/2009 — Federal District Judge Jed S. Rakoff was supposed to a approve a $33 million settlement between the SEC and Bank of America (BAC) over the issue of the financial firm making inaccurate statements regarding Merrill Lynch employee compensation. These ...

SEC Files First “Reg G” Enforcement Action
securitiesdocket.com 22 days ago — The SEC filed a case today against SafeNet, Inc., its former CEO and CFO, and three former SafeNet accountants. The SEC alleges that during the period from the fourth quarter of 2000 through May 2006, SafeNet engaged in two fraudulent schemes — one involving the backdating of options and the ...

On SEC Funding, Congress Must Put Up or Shut Up (or Give Up and Allow Self-Funding)
securitiesdocket.com 8/11/2009 — Back in January, U.S. Rep. Gary Ackerman (D-N.Y.) was recognized to speak at a House sub-committee hearing about the Madoff Ponzi scheme and the need for better regulatory oversight to prevent such fraud. He promptly lashed out at a witness from the Securities and Exchange Commission, stating: ...

SEC manages to win an insider trading case
ftalphaville.ft.com 10 days ago — What's this? Has the SEC managed to successfully prosecute someone for insider trading? Looks like it, according to Reuters: Federal securities regulators won an insider trading case when a jury in Boston ruled that a former Fidelity employee ...

Financial Statement Manipulation An Ever-Present Problem For Investors — Investopedia.com Headlines 11/2/2009
The SEC has taken steps to eliminate this type of corporate fraud, but it remains a real risk for investors.