Word: sec
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...pavement of Wall Street, the real institution that needs to be reformed is the U.S. Securities and Exchange Commission. When I was asked by a senior member of the House Committee on Financial Services about Mary L. Shapiro’s appointment to the chairmanship of the SEC, I simply said that she was the sergeant at the donut shop while Bernard "Bernie" L. Madoff absconded with old ladies’ pensions. She’s another card in an old deck of the dysfunctional world of financial regulatory oversight. If I sound cynical, it’s because...
...SEC is the front line in efforts to defend those old ladies from the Madoffs of Wall Street. As an enforcer of the Federal Securities Laws, a reformed and effective SEC would be apolitical and better able to respond in a 21st century manner to regulatory infractions, while addressing and changing outdated rules that hurt America’s competitiveness. Today’s regulatory regime must be replaced. It is ineffective in policing the market and holding people accountable. It must institute common-sense rules, conscious of a rapidly changing landscape that would put America, and our financial marketplace...
History has shown that nearly every attempt by the SEC to change or introduce an important new rule has been politically and emotionally charged thanks to entrenched SEC staff members who have been asleep at the switch for years, or commission members who are beholden to political interests. Sadly, as a result, many a needed reform takes years to move forward and go into effect?...
...Harvard women’s tennis team lost in the first round of the NCAA tournament to Georgia, 4-0, yesterday at the Hoke Sloan Tennis Center in Clemson, S.C. The No. 19 Bulldogs (13-8, 8-3 SEC) will move on to play Clemson in the second round, while the No. 39 Crimson (14-8, 6-1 Ivy) returns to Cambridge having made the national tournament for the first time since...
With this relaxed mindset, Harvard eyed an upset over the favored Bulldogs. But Georgia, coming off a loss to South Carolina in the SEC tournament quarterfinal, had no plans to give the Crimson its first NCAA win since...