SEC\’s response to Madoff questions by Ackerman
As I watched the grilling of the SEC representatives by Mr. Ackerman I felt that finally the SEC was getting a wake up call and wondered what was the point of having all these new regulations from Sarbanes-Oxley Act of 2002 (”SOX”), if our regulators wouldn’t respond to whistleblower allegations. Madoff not only took in $50 billion from mainly sophisticated investors, but he proved that the SEC whistleblower policies didn’t work and thus, crushed “us” the average investor’s confidence in the SEC’s abilities. So what’s next after this terrible disaster? More regulations?? I hope not. Given our economic crisis we need to really evaluate if adding more regulations is necessary or is it just really enforcing the ones we already have and creating best practices and policies surrounding our rules & regulations. Please weigh in if you feel new regulations should be added or keep the ones we have and really enforce them?
May 3rd, 2010 at 6:17 pm
Я считаю, что Вы ошибаетесь. Давайте обсудим это. Пишите мне в PM….
SEC\’s response to Madoff questions by Ackerman
As I watched the grilling of the SEC representatives by Mr…..