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Home“White House Could Grant Mary Jo White a Waiver From Ethics Pledge”
Posted by Larry Doyle on February 19th, 2013 6:04 AM |
If Mary Jo White were to be confirmed as the new head of the SEC, might she be the most conflicted individual to be our nation’s chief financial cop since the first person to occupy that seat, that being Joe Kennedy himself?
The White House and Washington would like to position Ms. White’s confirmation as nothing more than a formality. Our democracy deserves better than that. (more…)
UPDATE: Who Will Be Next Head of the SEC?
Posted by Larry Doyle on January 18th, 2013 8:42 AM |
Two months ago, I inquired as to who might be our nation’s next chief financial cop, that is, the next head of the Securities and Exchange Commission.
Are we about to see a continuation of the Wall Street-Washington revolving door at work for this critically important position? How so?
A leak yesterday puts the name of Mary Jo White into the mix to head the SEC. Who is she? Is she the right person for the job? Not according to Sense on Cents Hall of Famer Gary Aguirre, who pulled no punches yesterday in asserting,
“Obama is not going to clean up financial corruption by pinning a sheriff’s badge on Wall Street’s protector-in-chief.” (more…)
Who Should/Will Be Next SEC Chair?
Posted by Larry Doyle on November 14th, 2012 8:16 AM |
Have you had enough of the crony capitalism that has been running rampant throughout our country?
Have you had enough of the “neither admitting nor denying” statements put forth by far too financial firms writing checks to cover corrupt activities?
Have you had enough of seeing Jon Corzine, Angelo Mozilo, Albert Loewenthal, and a whole host of other individuals connected to financial frauds walk free while ordinary everyday Americans pay the price for the ravage these fraudsters left in their wake?
Have you had enough of the financial dirt continually being swept under the rug as the pols and their cronies stuff their campaign coffers and pad their personal accounts/portfolios? When will “enough be enough”? (more…)
Will “Fix” Remain In at SEC After Schapiro?
Posted by Larry Doyle on September 19th, 2012 4:31 AM |
Reports circulating that Mary Schapiro will step down from her post at the SEC pending an Obama re-election are increasing. Unless Ms. Schapiro is relinquishing her throne in preemptive fashion I do not know why this story is even getting legs. It is certainly not uncommon for significant turnover within a President’s cabinet after the completion of a first term.
I sincerely hope that she is not in ill health but that concern is raised in a story in the New York Post, SEC You Later, Pal: Schapiro May Be Heading for The Exit,
Chatter surrounding Schapiro’s status at the regulatory agency has reached a crescendo in the past few days as an undisclosed medical procedure has resulted in her taking a leave of absence — set to end tomorrow.
An SEC official told The Post that Schapiro has been on medical leave since last Thursday and has been working from home as she recovers. (more…)
Who’s Minding the Store at the SEC?
Posted by Larry Doyle on May 1st, 2012 6:33 AM |
The folks at the SEC could not possibly still be tuning in to porn, could they?
Do you think that any SEC lawyers are once again blowing the cover of whistleblowers?
Would we know if the SEC is complying with the Freedom of Information Act?
While many in Washington and America might think these issues begin and end at the desk of the SEC chair, Mary Schapiro, the simple fact is the real oversight of this organization falls under the purview of the SEC’s Inspector General. Really? Oh yeah!! How so? (more…)
Please Sign Petition re: Peter Sivere – George Demos
Posted by Larry Doyle on March 8th, 2012 10:10 AM |
Aside from my hope that readers would care enough to share my writing and passion for the Sense on Cents virtues of truth, transparency, and integrity I do not believe I ask for much if anything from those who come here.
Well, today I am asking.
How might you help?
More than you may ever fully know or appreciate. (more…)
Will Whistleblower Protections Suffer at Hands of Rep. Michael Grimm “Reaper” (R-NY)?
Posted by Larry Doyle on February 7th, 2012 11:14 AM |
Representative Michael Grimm (R-NY) was ceremoniously inducted into the Sense on Cents Hall of Shame in May 2011. Not that I ever believed there was reason to doubt his induction, but recently I witnessed further reason to cement his status in the elevated ranks of shame.
As regular readers are fully aware, I write passionately about pursuing the truth while promoting investor education and investor protection. The history of the last few years has shown that the financial services industry has not exactly shared our passion.
Who has shared the passion and took very real professional risk in the process? Numerous and sundry whistleblowers. (more…)
Book Review: Reckless Endangerment: A Wall Street-Washington Incestuous Legacy and A MUST READ
Posted by Larry Doyle on January 21st, 2012 3:33 PM |
Years from now when people study what led to the greatest economic crisis since the Great Depression, they will have plenty of material to review. This is good.
Unlike our current era in which we clearly failed to learn from past crises, I hope future generations will not only study what led to our current crisis but then actually do something so it is not repeated. We have yet to begin that process.
On that note, let’s start right now to save our collective future. How so?
If we are to save our future, then let’s be brutally honest about our past and our present. (more…)
Can Whistleblowers ‘Cross-Examine’ the SEC? Part II
Posted by Larry Doyle on January 10th, 2012 6:37 PM |
My commentary the other day entitled Can Whistleblowers ‘Cross-Examine’ the SEC? received a fair bit of attention and some rather interesting comments. In light of the very fluid developments within the realm of financial regulation, I strongly recommend that post.
The primary concern I raised within that commentary – and hence the title – was that a key panel at the upcoming 39th Annual Securities Regulation Institute consists solely of industry insiders. Why might that be such a concern?
Well, one of the main critiques of our financial regulatory system made by many, including Harry Markopolos, has been the revolving door between our regulators and the industry.
Why is a revolving door such a concern? Stick with me here. (more…)
Can Whistleblowers ‘Cross-Examine’ the SEC?
Posted by Larry Doyle on January 9th, 2012 7:09 AM |
Later this month, Northwestern Law will be hosting its 39th Annual Securities Regulation Institute in Coronado, California. In light of everything that has occurred on Wall Street and in Washington, one might think this could be a lively conference as it looks to provide:
A timely analysis of recent laws and developments in the corporate and securities law fields presented by senior SEC officials and leading practitioners.
While reviewing the conference invitation, I am particularly intrigued by one workshop to be held on Friday morning, January 20th. What is this workshop? Who is involved? Why am I so intrigued? Please stick with me here as we preemptively try to connect some dots.
