The SEC’s animal house

September 3, 2009

Mary Schapiro wants her lawyers and investigators at the Securities and Exchange Commission to go back to school. Specifically, she wants them to enroll in something she calls “fraud college.”

From what I gather, the SEC’s “fraud college” will be an intensive training program to help the agency’s employees better detect fraud. It’s not the worst idea. But as Bess Levin at Dealbreaker points out it does sound a bit silly.

Question: Will Schapiro put any investigators who flunk out of “fraud college” on double secret probation?

One comment

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Send them the movie “Stock Shock” for an education. This new film explains the whole process of market manipulation and is a pretty good movie. On DVD only, of course. Amazon has it or

Posted by Jennifer | Report as abusive