Where Greg Newton sees evidence of unfitness, we see indication that the new SEC will do what it can to make sure even white collar criminals are afforded the right to inter-species sex, as established by her acceptance of man-on-egret fornication.
Schapiro has troubled these pixels but once, when we reported that in 2003, during a period when she was opining vociferously on hedge fund-related broker-dealer disclosures and the adequacy thereof, her valiant sleuths swept through the offices of Bayou Securities LLC in Scamford, Conn.
There, they found $8500 worth of allowing “two individuals to execute transactions…without first obtaining registration as equity traders…” and failing “to update written supervisory procedures reasonably designed to achieve compliance with said regulations…” The missing however many hundreds of millions it was by then quite escaped their attention as, boxes all checked and wrist-taps to come, the sleuths boarded the train back to Boston.
Nobody else has spent so long at such high levels of the long captured US securities regulation complex. She has been a big part of building the regulatory problem for two decades; Stockholm Syndrome means she is unfit to be part of the solution.
If Mary Schapiro’s the answer. . [NakedShorts]
“man-on-egret fornication” = phrase of the day.
Bayoufund@aol.com should have been your first warning. assholes.
bringing new meaning to the term ‘epic regulatory fail’
Its like bizarro world, jeebeus
No one who helped shape the embarrassment that is both S.E.C. Enforcement and FINRA Enforcement can possibly be part of the solution to the problem. Her 20+ year career as a regulator shows she has failed to come forth as a serious and dedicated proponent of enforcement.
We need someone with serious investigative credentials to rebuild the investigative and enforcement functions of the federal regulatory agencies. We don’t need someone who has helped construct and foster the existing culture of willful ignorance.
Mary Shapiro is the wrong choice to head the S.E.C.
I think Ms. Schapiro is a wonderful choice and has shown remarkable stewardship of NASD / FINRA.
What’s that? Why, yes, my small broker-dealer does have its audit scheduled for January – why do you ask?
ms. schapiro will rule with an iron fist from her 13′ x 18′ control room.
Too Big to Fail, Too Well-Connected to Jail: The Economic Underground of Bankruptcy for Profit
http://tinyurl.com/toobigtofail
Credit Suisse to Use Illiquid Assets to Pay Bonuses – genius
@2
Amen to that. Are people seriously this stupid?
Wall Street is cheering this announcement! You may not hear the cheers, but that’s by design.
Now, cheer with me! It’s OK.
Sam Israel III???
I thought the tribe did not use the Jr., Sr., or III in the Hebrew naming convention.
Can somebody from Goldman help me out here?
Well according to YOUR President Elect we are in need of adult supervision, and this is his choice? My question is how much did she have to pay for this? She is not qualified for this position…..
@12
She’s more qualified than Cox. But she’s part of the problem, not part of the solution.
@4
Do you know anyone who fits that profile?
My dog is more qualified than Cox. In fact my dog was against the war and has a very good universal health plan. He told me all about it.
Son of Sam Israel
FINRA, nee NASD-R & NYSE-R, “is the largest independent securities regulator in the US. Our chief role is to protect investors by maintaining the fairness of the US capital markets.” (see, FINRA.org). No question that FINRA, headed by Shapiro, failed in this role.
And now, we should expect that Shapiro will succeed in performing “[t]he mission of the U.S. Securities and Exchange Commission is to protect investors, maintain fair, orderly, and efficient markets, and facilitate capital formation.” (see, sec.gov).
ha ha ha. joke joke joke
What a country!!
14 -
Who in the financial industry keeps detailed files on federal law enforcement personnel with a background in white collar investigation and forensic accounting? Wouldn’t the F.B.I. be a better resource for identifying such individuals and not an anonymous financial gossip website?
We need Hayata….
@17 Bess has more street smarts than Woodward and Bernstein put together.
@17 what are you even talking about? seriously. what are you talking about?
Bess,
You naughty, naughty girl. Did you just call my city “Scamford” CT?
You know the rules. It’s no mercy this evening in the bedroom. You better bring plenty of lube for yourself.
@11 He’s a dirty christian that’s why. Just like Jesus.
@11 He’s a dirty christian that’s why. Just like Jesus.
Love the AOL email address.
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