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HomePeter Sivere Deserved So Much Better
Posted by Larry Doyle on August 21st, 2012 7:20 AM |
I am firmly convinced that self-regulation for Wall Street will NEVER work. The inherent conflicts of interest preclude that from happening.
Whether we have a self-regulatory model or not, though, bad practices on Wall Street need to be brought to light and properly addressed. What do I believe is the most effective means to make that happen? Promoting and protecting whistleblowers. Wall Street has little interest in this.
To think that whistleblowers will be protected and whistleblowing promoted under Dodd-Frank is naive. Why so? Do we really think career regulators Mary Schapiro and Richard Ketchum will shepherd whistleblowers and expose bad practices? (more…)
