Monday, February 9, 2009

SEC enforcement chief to resign


The SEC announced Monday that Linda Chatman Thomsen will be leaving the federal agency.

NEW YORK (CNN) — The top enforcement officer of the Securities and Exchange Commission is stepping down, the commission said Monday.

Linda Chatman Thomsen, who came to the SEC in 1995 and took over the
Division of Enforcement 10 years later, plans to return to the private sector.

During Thomsen's four-year tenure, the SEC saw the second- and third-highest number of actions in a single year, including large investigations into Citigroup, JPMorgan Chase and Merrill Lynch, the commission said in a news release.

But Thomsen and the entire commission came under sharp criticism for their handling of the Bernard Madoff case. Madoff, 70, faces a charge of securities fraud in connection with an international scheme that has cost some investors their life savings. Madoff estimated that investors lost $50 billion, according to the criminal complaint against him.


Posted by Reggie Abaca, at 7:02 PM

Thursday, February 5, 2009

This is Classic

Standing Ovation for Rep Gary Ackerman of NY

Posted by Reggie Abaca, at 1:53 AM

Tuesday, November 18, 2008

"And the Beat Goes On..."

Mark Mitchell is reporting on a back/forth email communication involving an SEC official, revealing the kinds of job offers SEC people end up getting and moreso revealing why our regulatory agencies are not on our side:"deep-capture"-of-the-sec/

Posted by Reggie Abaca, at 7:13 PM

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