The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:SEC Honcho Sails Through Oversight Hearing Not Rated 2.0 Email Routing List Email & Route  Print Print
Wednesday, June 27, 2007

SEC Honcho Sails Through Oversight Hearing

by: Erin Kello

According to a report published in the Washington Post today, Chairman Christopher Cox coolly defended the SEC against criticism that its policies are harming businesses.

The SEC has been the target of shareholder advocates who claim that the its actions, specifically a recent enforcement policy that severely restricts the agency's lawyers' ability to negotiate fines and the agency's legal position in an upcoming Supreme Court case that would let investors recoup their losses from investment banks, will mean more responsibilities for an increasingly overburdened business community.

Chairman Christopher Cox
Securities and Exchange Commission
Representative Barney Frank (D-Mass), Chairman of the House Financial Services Committee, showed great confidence in the SEC honcho's judgement, much to the dismay of some like Rep. Richard Baker (R-La) who said that such a ruling constituted a "clear and present danger" for capital markets.

"In my judgement, the commission as currently constituted has hit the right balance," Frank said. 

Stay ahead of the news ... Sign up for our email alerts now

 Do You Recommend This Story?

Return to Top
 News Archives
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Add to My Yahoo!
follow us in feedly

©All rights reserved to InvestmentWires, Inc. 1997-2021
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use