Posts Tagged ‘Mary Schapiro’
Posted by Larry Doyle on April 3rd, 2014 10:38 AM |
In what might read as a prologue for my book, none other than the Wall Street Journal writes today that the real villains in the ongoing high frequency trading debate are our financial regulators.
Truer words were never spoken.
While America is fed a steady diet of technical terms on latency, co-location, and the like, let’s redirect the focus to where it really belongs, that is a financial regulatory system that has served to promote and protect Wall Street rather than upholding its mandate to protect investors. The evidence is overwhelming and there is very real corruption that has transpired in the process.
As the WSJ concludes:
. . . if New York Attorney General Eric Schneiderman and others looking for headlines want to string up high-speed traders, honesty requires them to put the regulators at the front of the rope line.
Now that’s what I’m talking about.
Let’s start with an independent investigation with the power to subpoena. Then get Chris Cox and Mary Schapiro in here.
Larry Doyle
Please order a hard copy or Kindle version of my book, In Bed with Wall Street: The Conspiracy Crippling Our Global Economy.
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The opinions expressed are my own. I am a proponent of real transparency within our markets so that investor confidence and investor protection can be achieved.
Tags: Chris Cox, financial regulators are real hft villains, financial regulatory system, hft WSJ editorial, High-Speed Politics, in bed with Wall Street, Mary Schapiro, The Wall Street Journal, The Wall Street Journal High-Speed Politics
Posted in General, high frequency trading | 4 Comments »
Posted by Larry Doyle on June 10th, 2013 8:21 AM |
“Doing the right thing can be hard” . . .
David Weber, former assistant Inspector General of the SEC, June 10, 2013
——————————
In a world in which it is all too easy to look the other way, to go along to get along, and to sit down when the public needs you to stand up, hope springs eternal.
I am heartened that America still has a chance to eradicate the corrosive and corruptible elements that have thrived within our financial regulatory system when I learn that there are still people who care enough to do the right thing. Who is one of those people?
Former assistant inspector general of the SEC David Weber. Today is his day and America should feel very good about that. (more…)
Tags: David Weber, David Weber allegations in SEC suit, David Weber Bernie Madoff Allen Stanford, David Weber Mary Schapiro, David Weber SEC whistleblower settles with SEC, Mary Schapiro, SEC, SEC settles with David Weber, SEC whistleblower David Weber, sex lies stupidity oh my, the need for whistleblower protections, whistleblowers
Posted in General, regulation, SEC, Wall Street, Wall Street Washington Incest, whistleblowers | 19 Comments »
Posted by Larry Doyle on April 25th, 2013 8:43 AM |
Five plus years after the meltdown of the largest fraud ever perpetrated on Wall Street, and the nightmare that defines the world of auction-rate securities goes on.
While Wall Street, Washington, and the media would very much like to leave the pain encompassing the ARS market largely in the rear view mirror, for many individuals who still hold on to the hope that they may ultimately get repaid in full from these widely distributed “cash-surrogate” instruments, the pain and anxiety remain front and center.
I continue to hear regularly from many individual ARS holders.
Not that anybody needs further reason to know that individual investors on Wall Street are at an enormous disadvantage in the face of captured and corrupted regulators and institutions that possess more information, but a recent piece of data I unearthed while working on my upcoming book (think I might be able to get Mary Schapiro to come to a book signing and autograph some copies!!??) speaks volumes to this point. (more…)
Tags: ARS developments, ars nightmare, ARS scandal, Herb Perone, Mary Schapiro, Oppenheimer ARS, Oppenheimer auction-rate securities, S&P downgrades Oppenheimer
Posted in ARPS, ARS, Auction Rate Securities scandal, General | 4 Comments »
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…)
Tags: accountability and transparency in Washington, Agency for International Development Inspector General, Counsel to the Inspector General, David Kotz, Department of Defense Inspector General, Department of Homeland Security Inspector General, Department of Interior Inspector General, Department of Labor Inspector General, Department of State Inspector General, freedom of information act, George Demos, Mary Schapiro, Obama Administration, Peter Sivere, POGO interview with David Kotz, Poject on Government Oversight p, porn at the SEC, President Barack Obama accountability and transparency, SEC, SEC accountability, SEC Audits Inspections, SEC compliance with FOIA, SEC Deputy Inspector General, SEC Inspector General Office, SEC Office of Investigations, SEC oversight, surfing the internet for porn, what does an inspector general do, where are all the watchdogs, whistleblower protection, whistleblowers at the SEC, who's minding the store at the SEC?
Posted in General, SEC | 7 Comments »
Posted by Larry Doyle on April 3rd, 2012 8:31 AM |
They are going to forget about me.
I have heard that line and iterations thereof from too many of our fellow citizens. Uncle Sam in the personage of Ben Bernanke, Tim Geithner, Henry Paulson, Mary Schapiro, John Boehner, Nancy Pelosi, Barack Obama and many others can talk about the actions they have taken and will take to save our economy and our nation; however, in the midst of their supposed efforts they have failed, violated, and left behind tens of thousands of our fellow citizens in their wake.
Of whom and to what do I refer? (more…)
Tags: ARS, ARS scandal, auction rate scam, Auction Rate Securities scandal, Barack Obama, Ben Bernanke, customers of MF Global, Henry Paulson, Joe Nocera, John Boehner, Jon Corzine, Madoff, Madoff victims, Madoff Victims Coalition, Mary Schapiro, MF Global customers, Nancy Pelosi, those Uncle Sam Failed Violated and Left Behind, Tim Geithner, Wall Street-Washington incest
Posted in ARPS, ARS, Auction Rate Securities scandal, General, Madoff, MF Global, Mortgage Crisis | 3 Comments »
Posted by Larry Doyle on March 22nd, 2012 5:31 AM |
The penalties handed out by NFL Commissioner Roger Goodell to the coaches and executives of the New Orleans Saints organization for the bounty program practiced down on the bayou were perhaps the stiffest in the history of the game.
Goodell has shown himself to be a no-nonsense individual cut from the mold of Kenesaw Mountain Landis. Goodell is clearly focused on protecting the sport, and knows that any program which promotes an intent to injure renders modern day football to little more than barbarism. (more…)
Tags: Albert Loewenthal, Barack Obama, Ben Bernanke, Brian Moynihan, Chuck Schumer, Darrel Issa, Eric Holder, Greg Williams, James Gorman, Jamie Dimon, Jim Himes, Jon Corzine, Judge Kenesaw Mountain Landis, justice on Wall Street, Lloyd Blankfein, Mary Schapiro, New Orleans Saints, penalties for New Orleans Saints, penalties on Wall Street, Preet Bharara, Richard Blumenthal, Richard Ketchum, Robert Khuzami, Roger Goodell NFL Commissioner, Sean Payton, Spencer Bachus, the integrity of the game, Timothy Geithner
Posted in General | 2 Comments »
Posted by Larry Doyle on January 17th, 2012 4:54 PM |
In the fall of 2009, I was asked by some Washington based attorneys if I was aware of a case known as Standard Investment Chartered v FINRA. I informed them that I did not know the case.
These attorneys shared with me information that seemed to expose that the merger of two regulators to form Wall Street’s current SRO FINRA was predicated on a proxy statement that included misinformation. I was enormously intrigued and tracked the case closely, including paying a visit into the federal courthouse in New York to observe a hearing on this case.
The crux of the case was that executives of FINRA improperly represented information in the proxy statement used for a merger of the NASD and the regulatory arm of the NYSE. (more…)
Tags: benefits of absolute immunity, can people sue FINRA, immunity without transparency is a license to steal, lies, lying at FINRA, lying on Wall Street, Mary Schapiro, merger to form FINRA, proxy statement, Richard Greenfield, Sense on Cents, Standard Chartered v FINRA, Supreme Court declinews to hear case against FINRA, US Supreme Court declines to hear case against FINRA, we fought the good fight
Posted in FINRA, General | 6 Comments »
Posted by Larry Doyle on January 3rd, 2012 10:22 AM |
Will we learn in 2012 if Mary Schapiro, current chair of the SEC, and other then senior executives at the Wall Street self-regulatory organization, FINRA, engaged in a fraud?
The case addressing this question, Standard Chartered v FINRA, has been appealed to the highest court in our land.
As such, one might think that most Americans would care to learn if our nation’s top financial regulator did, in fact, engage in a fraud which had a monetary value of between $175-$350 MILLION plus. That’s right, $175-350 million plus!! Not exactly chicken feed.
Why hasn’t this case received more attention? (more…)
Tags: abuse of capitalism, amicus brief on behalf of Standard Chartered, B-D Wants Supreme Court to Rule on FINRA Suit, Competitive Enterprise Institute, Consumer Action, control of media in United States, control of the media, Dan JAmieson Investment News, Did MAry Schapiro Engage in a Fraud?, financial frauds, FINRA, FINRA spokeswoman Michelle Ong, Ilya Shapiro of Cato Institute, Jack Norberg, Jonathan Kord Lagemann, Mary Schapiro, merger creating FINRA, NASD, NASD proxy statement, NYSE regulatory arm, PCAOB, POGO, project on Government Oversight, Scott Michelman Public Citizen Litigation Group, Standard Chartered v FINRA, United States Public Interest Research Group, United States Supreme Court, Wall Street-Washington incest, William Anderson of Cuneo Gilbert Laduca
Posted in financial frauds, FINRA, General, Mary Schapiro, NASD, SEC | 12 Comments »
Posted by Larry Doyle on December 18th, 2011 7:35 PM |
What do we think of the SEC’s attempt to pursue former Freddie and Fannie CEOs Richard Syron and Daniel Mudd?
Is this a fully legitimate pursuit of justice against these executives? Could there be more than a whiff of political motivation on the part of the current administration buried in this pursuit?
As The New York Times reports the other day, SEC Accuses Fannie and Freddie Ex-Chiefs of Deception:
On Friday, S.E.C. officials trumpeted their actions in the Fannie and Freddie case as part of a renewed effort to crack down on wrongdoing at the highest levels of Wall Street and corporate America……….. (more…)
Tags: Angelo Mozilo, are SEC investigations politically motivated, Brian Moynihan, Chuck Prince, Fannie Mae, Franklin Raines, Freddie Mac, Hank Paulson, James johnson, John Thain, Jon Corzine, Ken Lewis, Lelend Brendsel, Lloyd Blankfein, Mary Schapiro, Mudd, Richard Fuld, Robert Khuzami, SEC Accuses Fannie and Freddie Ex-Chiefs of Deception, SEC Accuses Richard Syron and Daniel Mudd, SEC Enforcement Chief Robert Khuzami, Stanley O' Neal, Syron, Tim Geithner, Tim Howard, Vikram Pandit
Posted in General | 5 Comments »
Posted by Larry Doyle on December 6th, 2011 9:09 AM |
I first started writing about Wall Street’s not-for-profit self regulatory organization, aka the Financial Industry Regulatory Authority (FINRA), in early 2009.
In late 2009, I first referenced Standard Chartered v. FINRA, the case in which the plaintiff alleges that FINRA and its senior executives — including current SEC Chair Mary Schapiro — lied both verbally and in writing in the merger which formed FINRA.
Why would Mary and her friends lie? (more…)
Tags: Emily Lambert, FINRA, FINRA board, Jonathan Cuneo, Larry Doyle, Mary Schapiro, merger to create FINRA, proxy statement for FINRA merger, Sense on Cents, Standard Chartered, Standard Chartered v FINRA, United States Supreme Court, William Anderson
Posted in FINRA, General | 1 Comment »