bloomberg.com - 2/4/2009
—
Feb. 4 (Bloomberg) -- Harry Markopolos , a former money manager who sought to convince regulators for nine years that Bernard Madoff was a fraud, said the U.S. Securities and Exchange Commission suffers from “investigative ineptitude.” Markopolos told Congress today that he contacted the SEC in ...
exchanges.nyse.com - 2/4/2009
—
exchanges.nyse.com —
Perhaps the biggest irony of the Bernard Madoff
case is that Harry Markopolos, the investor-turned-investigator who for...
years warned other investors and the Securities and Exchange Commission that Mr. Madoff was running a Ponzi scheme, today is ...
(more)
How a Blog Might Have Stopped Madoff
reuters.com - 2/6/2009
—
reuters.com —
WASHINGTON (Reuters) - The new head of the
Securities and Exchange Commission took steps on Friday to...
reinvigorate the agency's policing of Wall Street, two days after a congressional hearing chastised SEC investigators for failing to uncover Bernard ...
(more)
SEC chief says agency to act like hair is on ...
nakedshorts.typepad.com - 2/9/2009
—
nakedshorts.typepad.com —
Mary Schapiro gave her first speech as chairman
of the US Securities and Exchange Commission in Washington...
DC today, stepping out as quite the cut-up at the Practicing Law Institute’s 2009 ‘SEC Speaks’ conference. Thank you for that kind ...
(more)
Queen Mary, comic for the ages
Comments
Blog Reactions
Markopolos on Capital Hill
The Bonddad Blog —
From Bloomberg: Harry Markopolos, a former money manager who sought to convince regulators for nine years that Bernard Madoff was a fraud, said the U.S. Securities and Exchange Commission suffers from “investigative ineptitude.” Markopolos told Congress today that he contacted the SEC in 2000 after examining Madoff’s investment strategy and determining in four hours that returns exceeding 10 percent weren’t possible. Markopolos, in almost a decade of communication, said only one SEC staff member understood Madoff’s scheme and “the threat it posed to ...
How About a Leverage Cap in Lieu of a Pay Cap?
The Big Picture —
Good Evening: U.S. investors worked themselves up into a pretty hopeful mood this morning, but reality set in this afternoon and led to a down day in Wall Street. Instead of hearing more details about whichever plan the Obama administration might now be leaning toward, market participants were instead treated to a parade of stories of heightened regulation and caps on compensation. Perhaps part of today’s decline can be chalked up to cautiousness ahead of Friday’s employment figures, but investors went home in a sour mood nonetheless. I think investors would rather see a cap on leverage levels of Wall Street balance sheets rather than one involving ...
Related Content
SEC looks to reassure investors
(Reuters)
news.yahoo.com 2/8/2009 — Reuters - Securities and Exchange Commission officials looked to reassure investors on Friday that they would reinvigorate the agency's policing of Wall Street, improve the quality of credit ratings and said they expect to bring more cases against ...
The SEC
blogmaverick.com 11/30/2008 — First let me say that this has nothing to do with me, but given my interest in all things financial and the government during this financial crisis, I read with interest the Office of Inspector General’s Report to Congress regarding the SEC.
...
America's Fear of Competition
tbm.thebigmoney.com 1/24/2009 — Although everybody claims to love the market, nobody really likes the rough-and-tumble of competition that produces the essential "creative destruction" of capitalism. At bottom, this abhorrence of competition and change are the common theme that ...
How the New SEC Enforcement Director Can Help Restore Investor Confidence
securitiesdocket.com 4/14/2009 — by Bruce Carton
Robert Khuzami began his new job as director of the Enforcement Division at the Securities and Exchange Commission on March 30. His arrival marks the first change in leadership for the Enforcement Division since 200
Khuzami joins the SEC from Deutsche Bank AG in New York, ...
The SEC
blogmaverick.com 11/17/2008 — I wish I could say more, but I will have to leave it to this, and let the judicial process do its job.
November 17, 2008
RE: SEC Civil Action in the United States District
for the Northern District of Texas, Dallas Division
Mark Cuban today ...
SEC Heal Thyself: Compliance Program Revamped
securitiesdocket.com 6/9/2009 — The Securities and Exchange Commission just hasn’t had enough bad news recently, so last month the media piled on even more: a probe of insider-trading allegedly going on inside the SEC.
Specifically, the agency’s inspector general has found evidence of “suspicious activity, appearances of ...
Specialization Key to SEC Enforcement Division Overhaul
securitiesdocket.com 5/5/2009 — by Bruce Carton
In a column last month, I noted the arrival of a new Securities and Exchange Commission enforcement director, Robert Khuzami (pictured below). I suggested that Khuzami had to hit the ground running and discussed the flood of suggestions from within the SEC and from the outside ...
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 ...
Broadcom Cutting 200 Jobs —
BARRONS.com: Tech Trader Daily 2/3/2009
Broadcom (BRCM) disclosed in an SEC filing this afternoon that it plans to cut its workforce by about 200 people, or 3% of its workforce. The company said it has begun implementing the plan and expects to complete the cuts later in 2009. ...
Schmuck-o-Meter Reading: 456 SPs —
The Big Money 2/4/2009
For a few weeks we’ve been linking to tidbits about Harry Markopolos, the Whistle-Blower That Wasn’t. Markopolos tried to out Madoff to the SEC years before Madoff confessed, but the SEC ignored Markopolos’ please. Well, today was Mr. ...
Follow WallStreetBlips on Twitter
