The Great Debate

Can the SEC ever improve?

September 7, 2012

The U.S. Securities and Exchange Commission’s case against Citigroup’s Brian Stoker, a director in the bank’s Global Markets group, seemed clear-cut. Stoker structured and marketed an investment portfolio consisting of credit default swaps. The agency accused him of misrepresenting deal terms and defrauding investors for not disclosing the bank’s bet against the portfolio while pitching the investment vehicle to customers. But when it came to trial earlier this summer, the government could not prove that Stoker knew or should have known that the pitches were misleading, and the jury didn’t convict.

Investor confidence not too helpful

February 25, 2010

Once again someone in charge — Mary Schapiro of the U.S. Securities and Exchange Commission this time –  is going on about how they are making changes in order to “preserve investor confidence.”

from Commentaries:

Flash Schumer scores a victory–almost

August 4, 2009

It appears Senator Chuck Schumer, aka Flash Gordon ,is going to get his way on the dubious practice of "flash trades.'' Maybe.

How to fix the SEC

June 12, 2009

Matthew Goldstein

– Matthew Goldstein is a Reuters columnist. The views expressed are his own –