Comments on: Want inside look at SEC dealmaking? Read IG’s Khuzami report http://blogs.reuters.com/alison-frankel/2011/11/21/want-inside-look-at-sec-dealmaking-read-igs-khuzami-report/ On the Case Fri, 15 Jul 2016 20:42:45 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: breezinthru http://blogs.reuters.com/alison-frankel/2011/11/21/want-inside-look-at-sec-dealmaking-read-igs-khuzami-report/#comment-61 Thu, 01 Dec 2011 11:28:29 +0000 http://blogs.reuters.com/alison-frankel/?p=519#comment-61 The redacting under the Privacy Act of 1974 in a case such as this is disturbing. It’s not as though these actors are discussing someone’s HIV status, personal checking accounts activity or premarital sexual activities.

These negotiations end up substituting for and actually preventing a legal trial and after reading the 43-page report, I am not at all convinced that those negotiations were in my best interest as a citizen taxpayer. These negotiations should be much more fully a matter of public record… another compelling reason for having a low threshold for elevating financial wrongdoing out from the jurisdiction of the SEC and into the jurisdiction of the federal courts.

The federal courts might at first be heavily burdened by all of the chicanery that is going on, but I think that a few successful RICO prosecutions might fundamentally improve this cohort’s behavior… and isn’t that one of the reasons for having laws in the first place?

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