Posts Tagged ‘POGO’
Posted by Larry Doyle on June 7th, 2011 6:55 AM |
Truth, transparency, and integrity.
The compromising of these virtues may be the cost of doing business in our nation but make no mistake the price we collectively pay is enormous. Whether in Washington or on Wall Street, the ability to compromise our prized virtues has truly been raised to an art form.
From derivative transactions which disguise unprecedented levels of risk to bond indentures which require advanced legal degrees to interpret, our ‘friends’ on Wall Street with assistance from ‘their’ friends in Washington have displayed little regard for the aforementioned virtues which are the foundation for real ‘sense on cents’.
More often than not,though,the violation of our virtues is viewed in an impersonal light. Wall Street and Washington are behemoths. The American public and investors at large are faceless. In my opinion, our financial services industry and government would just as soon keep it this way.
Let’s challenge them. (more…)
Tags: bad business practices, Bernie Madoff, bringing sunshine to wall street, business virtues, complaint of Sivere vs Demos, cost of doing business, David Kotz, George Demos, JP Morgan Whistleblower Peter Sivere, New York Office of SEC, New york State Supreme Court Appellate Division, Peter Sivere, POGO, project on Government Oversight, Raj Rajaratnam, regulatory capture, SEC OIG, Sense on Cents, truth transparency and integrity, violating business principles, Wall Street-Washington incest, whistleblowers
Posted in General, SEC, Wall Street, Washington D.C., whistleblowers | 13 Comments »
Posted by Larry Doyle on April 6th, 2011 7:50 AM |
Let it be known that with this commentary the Sense on Cents Hall of Shame inducts Senator Jon Kyl (R-AZ), Senator Jeff Sessions (R-AL), and House Speaker John Boehner (R-OH). What have they done to deserve this “honor”? A recent release points the finger squarely at them for assaulting our prized virtues and never ending pursuit of truth, transparency, and integrity. Let’s navigate.
This past January 10th, I inquired Which U.S. Senator Blocked the Whistleblower Protection Enhancement Act? and wrote:
Let’s bang the drum once again to promote truth, transparency and integrity. In this rendition, let’s collectively work to expose the Congressional coward, that is the United States Senator, who blocked the Whistleblower Protection Enhancement Act. In the process, Senator “Coward” took a stand against our prized virtues while defending the monied interests of corporate elitism.
Did you just vomit thinking that our hallowed halls upon Capitol Hill are populated with such louts? Why haven’t others on Capitol Hill raised a hue and cry? Fellow cowards? You think? Getting their bread “buttered” in the process? You think? What happened to our country? (more…)
Tags: GAP, jeff Sessions, John Boehner, Jon Kyl, Larry Doyle, POGO, Sense on Cents Hall of Shame, whistleblower protection, who protects whistleblowers, WPEA
Posted in General | 8 Comments »
Posted by Larry Doyle on January 24th, 2011 10:52 PM |
The Project on Government Oversight has become the financial regulatory eyes and ears for our nation. While one would think Congress might care to thoroughly investigate government agencies and hold them to account, our recent history has shown us that the Congressional oversight is severely lacking. Enter POGO. What has POGO provided us now?
By utilizing the Freedom of Information Act, POGO has provided a huge window of transparency into the SEC. Why should POGO have to perform these acts? Where is the Congressional oversight? Heck, where is the SEC chair Mary Schapiro?
I strongly encourage readers to save this commentary as POGO provides links to a wealth of amazing stories and investigations. THANK YOU POGO for performing a national public service in opening the windows into the SEC. (more…)
Tags: breach of ethics, Congressional oversight of SEC, David Kotz, insider trading, insider trading by SEC employees, Investigate reports SEC Doesn't Want You to See, Mary Schapiro, Michael Smallberg, oversight of Bear Stearns, perjury, POGO, POGO SEC reports they do not want you to see, project on Government Oversight, SEC FOIA, SEC misconduct, SEC OIG, SEC transparency, SEC transparency and disclosure, what is POGO?, who oversees SEC
Posted in General, SEC | 3 Comments »
Posted by Larry Doyle on January 10th, 2011 9:22 PM |
Let’s bang the drum once again to promote truth, transparency and integrity. In this rendition, let’s collectively work to expose the Congressional coward, that is the United States Senator, who blocked the Whistleblower Protection Enhancement Act. In the process, Senator “Coward” took a stand against our prized virtues while defending the monied interests of corporate elitism.
Did you just vomit thinking that our hallowed halls upon Capitol Hill are populated with such louts? Why haven’t others on Capitol Hill raised a hue and cry? Fellow cowards? You think? Getting their bread “buttered” in the process? You think? What happened to our country?
High five and major kudos once again to the Project on Government Oversight for bringing attention to this travesty. Let’s call out the cowards and demand the answer as to whom blocked this act. How so? Let’s navigate as POGO writes, (more…)
Tags: GAP, Government Accountability Project, On the Media's Blow the Whistle, POGO, S. 372 WPEA, Senator Coward, truth transparency and integrity, whistleblower protection, whistleblower protection enhancement act, who will protect whistleblowers, WNYC On the Media, WPEA
Posted in General | 5 Comments »
Posted by Larry Doyle on December 27th, 2010 12:22 PM |
This commentary and attached story are a little lengthy but very important. I hope you will take the time to read, review, and share. LD
Is it possible that our nation can experience a historic demise in our economy and markets with little if any criminal activity involved in that process? Was our economic and market meltdown largely ‘a perfect storm’?
I do not buy those who would put forth that line of reasoning. Nor do I think should you.
Does it defy logic to think that our nation has been hit with trillions of dollars in losses and untold economic pain but only a relative handful of individuals were involved in criminal behaviors connected to this turmoil? Yes, that does defy logic.
Where are the criminal prosecutions? (more…)
Tags: a perfect storm, Art Samberg David Zilkha, Art Samberg hush money, Art Samberg Pequot scandal, Attorney General Eric Holder i, Bharara perjury, coordination among financial regulators c, criminal prosecutions from financial meltdown, Dodd-Frank whistleblower language, DOJ Pequot, Dr. Glen Kaiser Pequot Zilkha t, financial crimes, financial perfect storm, financial prosecutions, financial storm, Gary Aguirre Pequot, Gary Aguirre Pequot Samberg DOJ SEC Bharara, Goldman Sachs fine for Abacus, insider trading, insider trading Art Samberg, insider trading scandal, interaction between SEC and DOJ, John Cannallis of the SEC's New York Office, John Mack Art Samberg Pequot Capital, Karen Zilkha, Martha Stewart, Mary Schapiro, minor Ponzi schemes, MSFT options Pequot, Operation Broken Trust, Pequot insider trading of Microsoft, POGO, POGO Danielle Brian, POGO SEC Describes Possible Criminal Activity in Major Unprosecuted Hedge Fund Case, Preet Bharara, Project on Government Oversight Michael Smallberg, Rob Johnson, Robert Khuzami, Samberg hush money Zilkha, SEC, SEC fine of Goldman Sachs, SEC Lauren riser, SEC lawyer Mike Foster, Securities and Exchange Commission, Senator Charles grassley POGO Department of Justice, stock fraud crackdown, tell the truth, the need to tell the truth, unprosecuted cases, US Attorney Preet Bharara, US Attorney's Office for the Southern District, Wall Street abuses, Wall Street criminals, Wall Street-Washington incest, who has been prosecuted from financial demise, who is Dan Hurson, who is David Zilkha, William K. Black, Zilkha insider tips
Posted in General | 8 Comments »
Posted by Larry Doyle on December 10th, 2010 6:46 AM |
I detest those people and organizations paying mere lip service to issues needing real transparency and accountability.
I love having the voice provided by Sense on Cents so I can highlight a wide array of these issues and so people can more effectively navigate the economic landscape. I also love being able to ask the hard questions and call out those whom I think are not serving the public interest.
What else do I love? I love when a voice far stronger than my own echoes my thoughts, shares my opinion, and blasts away in pursuit of real truth, transparency, and integrity along our economic landscape.
With only a few exceptions, the media as a whole has shown itself unwilling to truly take the gloves off and go after the aforementioned ‘lip serving’ individuals and institutions. Independent watchdogs in pursuit of good government are far more aggressive.
On this note and against this backdrop, I have to admit my adrenaline picked up yesterday. How so? Let’s navigate as I was informed of the following: (more…)
Tags: Amerivet Securities, Darrel Issa, Dodd-Frank financial reform, FINRA Accountability and transparency, FINRA Board of Governors, FINRA Madoff family, FINRA Madoff relationship, FINRA's board, GAO, Government Accountability Office, House Committee on Oversight and Government Reform, House Financial Services Committee, how is Wall Street regulated, issues inside FINRA, Larry Doyle, Mary Schapiro, POGO, POGO letter to FINRA, project on Government Oversight, regulation of Wall Street, Richard Ketchum, SEC, Senate Committee on Banking Housing and Urban Affairs, Senate Committee on Homeland Security and Governmental Affairs, Sense on Cents, Spencer Bachus, Wall Street collapse, what is Finra, who is Danielle Brian, who is on FINRA's board, who is POGO ?, who regulates Wall Street, will FINRA oversee hedge funds and investment advisers
Posted in FINRA, General | 7 Comments »
Posted by Larry Doyle on September 18th, 2010 11:33 AM |
Saturday morning in America and life is good.
Yesterday, I gave major props to our great American Gary Aguirre for addressing critically important issues embedded in the recently enacted Financial Regulatory Reform package which allows further FOIA (Freedom of Information Act) exemptions by the SEC. (Aguirre wrote a fabulous dissertation in the September Wall Street Lawyer, which I embedded in my commentary.) I qualified yesterday’s commentary, Great American Gary Aguirre “Cross Examines” in re: SEC’s FOIA Exemptions, as perhaps the most important and enlightening ever put forth at Sense on Cents. I truly believe that. Gary Aguirre is a great American.
He has company. (more…)
Tags: Aguirre vs SEC, Angela Canterbury testimony, Art Samberg Pequot investigation, Barney Frank, Christopher Dodd, Consumer Protection Act, Darrell Issa on SEC freedom of information exemptions, Dodd-Frank Wall Street Reform, economic crisis, fight for transparency, financial regulatory failures, Fox Business News FOIA request, House Financial Service committee on SEC FOIA, increased transparency and accountability, John MAck Pequot investigation, keep punchin, Larry Doyle, POGO, project on Government Oversight, SEC FOIA exemptions, SEC's failures in MAdoff and Stanford cases, SEC's New Confidentiality Provisions, Sense on Cents, systemic regulatory failures, Wall Street-Washington incest, what is 929I provision, what is FOIA, who is Angela Canterbury
Posted in General | 1 Comment »
Posted by Larry Doyle on August 4th, 2010 7:29 AM |
Washington and Wall Street are skilled at utilizing smoke and mirrors to advance their collective agenda. The simple fact is most of our Washington operatives do not understand basic financial concepts. The reality of the situation is that our supposed leaders are content to remain blind to the realities of finance as long as Wall Street continues sending campaign funds their way.
Fortunately, others in our nation take a more impassioned view of the world and aggressively question where Washington often passes. To this end, I thank a friend who shared the following letter highlighted today at the Project on Government Oversight on our new favorite topic about the lack of transparency at the SEC.
This letter is comprehensive in addressing a number of critically important points. Do you ever wish that we could have representatives from these organizations questioning not only our elected officials, but also our appointed officials such as Mary Schapiro? I wish that all the time. Please take a few minutes to ponder the issues embedded in this letter. Ask yourself whom you really believe are protecting your interests.
August 3, 2010
Senator Christopher Dodd
Chairman
Senate Committee on Banking, Housing and Urban Affairs
534 Dirksen Senate Office Building
Washington, D.C. 20510 (more…)
Tags: American Association of Law Libraries, American Library Association, Angela Canterbury, Barney Frank, Christopher Dodd, Citizens for Ethics and Responsibility in Washington, CREW, Dodd-Frank Act, Essential Information, financial regulation, financial regulatory reform, financial regulatory structure, FOIA, freedom of information act, GAP Government Accountability Project, Investment advisers Act of 1940, Investment Company Act of 1940, Liberty Coalition, Mary Schapiro, OMB Watch, OpenTheGovernment.org, POGO, project on Government Oversight, Public Citizen, rule 9291, SEC, section 9291, Securities Exchange Act of 1934, Senator Patrick Leahy, Sense on Cents, Sunlight Foundation, transparency at the SEC, Washington Wall Street incest
Posted in General, SEC | 5 Comments »
Posted by Larry Doyle on July 21st, 2010 1:00 PM |
Pursuing the truth does not come from asking softball questions and allowing those being questioned to duck and weave. Regrettably, America has received far too little of the truth throughout our economic crisis. Why? Very simply, the overwhelming stench emanating from the Wall Street-Washington incestuous relationship very frequently suffocates any chance of the truth seeping out. Where can we turn?
Let’s visit our friends at POGO, that is the Project on Government Oversight. This not-for-profit government watchdog has no problems asking the hard questions. In light of my commentary last evening on Mary Schapiro, I was pleased that a friend of Sense on Cents brought to my attention a series of questions directed at SEC Chair Mary Schapiro.
Thank you, POGO! America deserves answers to the following Questions for SEC Chair Mary Schapiro as She Testifies Before the House:
SEC Chair Mary Schapiro is currently testifying before the House Financial Services Committee. We applaud the Committee for providing some much-needed oversight of the “present reforms and future challenges” facing the SEC.
Here are just a few questions we’d like to see the Committee ask Chairman Schapiro: (more…)
Tags: POGO, questions for Mary schapiro
Posted in General | 2 Comments »
Posted by Larry Doyle on July 15th, 2010 11:21 AM |
Regular readers of Sense on Cents are well aware of the multiple issues I have highlighted regarding Wall Street’s self-regulatory organization, FINRA. Allegations of front-running the auction-rate securities market, allegations of investing its own funds in Madoff, misrepresentations (i.e. lying in a proxy statement) in the document used for the very formation of the FINRA organization, and ultimately an incestuous relationship with the industry, I have not been bashful in highlighting what I deem to be critical failings, if not potentially much worse, within this organization.
A good friend of Sense on Cents, Ronnie Sue Ambrosino (who just so happens to be a lead spokesperson for Madoff investors), shared a very interesting commentary regarding FINRA. The writer, Ron Rhoades, offered his thoughts on FINRA yesterday at RIABiz, a website which promotes itself as providing “voice, news, and vision for the advisory (registered investment advisors) community.”
Ron holds nothing back in addressing the question of the fiduciary standard within investment management. (more…)
Tags: fiduciary, fiduciary standard within RIAs, FINRA, finra auction rate securities, FINRA culture, finra madoff, FINRA relationship with broker dealers, George Akerloff, investor trust in markets, Justice Cardoza, Larry Doyle, Maloney Act, new federal fiduciary standard, POGO, PRO Professional Regulatory Organization, Sense on Cents, should FINRA oversee registered investment advisers, Six reasons FINRA Should Be Dismantled by Ron Rhoades, solely incidental, suitability versus fiduciary, universal standard of care, what is the fiduciary standard
Posted in FINRA, General | 3 Comments »
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