Results tagged “SEC” from Dealbreaker
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Key Madoff Accomplices Charged (Take A Deep Breath, Mark and Andy, It Isn't You)
Nov 13, 2009, 10:26am
Posted by Jon Shazar
Remember when the Feds were thisclose to finally arresting Bernie Madoff's sons and confirming all of our suspicions that the biggest Ponzi scheme ever was a family affair? Well, they still haven't done that. But they have arrested Bernie's IT...
SEC Gets Help To Understand This Whole Hedge Fund Fraud Thing
Nov 04, 2009, 12:09pm
Posted by Jon Shazar
Imagine you are the financial services regulator for a really big, rich country. The biggest and richest, even. Now, you are really bad at catching fraud. I mean really, really bad. You can't even do it when a guy is...
Bernie Madoff: You Have No Idea How Stressful It Was Running A Ponzi Scheme
Nov 02, 2009, 9:50am
Posted by Bess Levin
The long hours, the fake returns-- it all ate away at him pretty badly. Mostly it was the constant fear that today would be the day the rètards at the Securities and Exchange Commission would slip and fall on the...
Bernie Madoff: Screwing The SEC, Anyone That Tickles His Fancy From Inside The Joint
Oct 30, 2009, 4:40pm
Posted by Bess Levin
CNBC reports the first bits of news from Bernie Madoff's latest prison interview. First off, he cannot express how crazy it is that he got away with all this but if he had to identify one reason it was probably...
Some Kind Of Urgency
Aug 11, 2009, 12:50pm
Posted by Equity Private
Caught by one of our readers, this month's version of "juxtapositional comedy" care of the Wall Street Journal: In Today's Paper [The Wall Street Journal]...
Pequot Is The Gift That Keeps On Giving
Aug 10, 2009, 10:47am
Posted by Equity Private
Amusingly, it wasn't 6 months ago that Pequot managed to capture the much-coveted "probably won't go under" award (technically the "Pulliamp-Strasburg Likely Survivors Amid Turmoil in the Industry" award) issued by the Wall Street Journal to the most middling hedge-fund....
SEC Gets Picked Off Again
Jun 22, 2009, 4:43pm
Posted by Greg Michaels
The SEC is finding new and creative ways to tarnish its image. After estimating that it would recover close to $1 billion in assets in the Stanford fraud case, the SEC now finds itself shoulder to shoulder with the guy...
SEC Gets A Shot At Redemption
Jun 15, 2009, 1:03pm
Posted by Greg Michaels
If Mary Schapiro and the revamped SEC can't put this one away, there is really no hope for them. Italian authorities recently found a little surprise in the suitcases of two Japanese travelers trying to cross the border into Switzerland-...
The SEC Is Back, And This Time They're Serious
Jun 04, 2009, 11:49am
Posted by Greg Michaels
The SEC, fresh off an impressively long stretch of missing virtually everything they were supposed to catch, is ramping up its efforts to become a remotely credible regulator. After being publicly humiliated by the widespread ineptitude of missing the Madoff...
The SEC To The Rescue!
May 21, 2009, 2:07pm
Posted by Equity Private
The SEC gets a bad rap. This is because they richly deserve it. For years they have concentrated on petty frauds at the expense of actually uncovering massive, systemically dangerous shenanigans, even when led directly to them. However, it would...
Throw Money At The Money Problem
May 07, 2009, 11:10am
Posted by Equity Private
For a brief instant in the post-Markopolos period their was a flash of brilliance: Totally gut the SEC and use the occasion to develop a new regulator without the ass-backwardsness that has become the Commission's hallmark. It is a useless...
Meet Your New Regulator
May 07, 2009, 9:10am
Posted by Equity Private
Stinging from a rebuke that the rest of us will not soon forget, the SEC is seeking to demonstrate value once again. What better way to accomplish this than by lifting tried and true methods from the local PTA? A...
Breaking: Fraud Everywhere!
May 05, 2009, 2:06pm
Posted by Equity Private
"SEC Charges Operators Of Reserve Primary Fund With Fraud" The situation is fluid. Updates to come. Watch this space. 2:22 pm Update: CNBC notes that The Reserve Primary Fund, whose buck-breaking record Dealbreaker reported on back in October, has some...
We Are Totally Serious This Time And I'm Not Kidding
May 05, 2009, 12:51pm
Posted by Equity Private
Charging full speed ahead into a world of "up-only" equities, the SEC is back on the evils of short-selling band wagon. And you can believe we are going to get some results this time. Deliberate and thoughtful results. The kind...
That's The Last Straw
May 05, 2009, 10:26am
Posted by Equity Private
Apparently, this is the first insider trading case involving credit default swaps. We think it is high time that these points along the access of financial evil be eliminated permanently. Why fat cats should be permitted to continue victimizing innocent...
It Was Just An IQ Issue, We've Got It All Cleared Up Now
Apr 29, 2009, 10:58am
Posted by Equity Private
Is the SEC drowning in a wading pool of ignorance? Have no fear. The Commission is getting "...more smarter, more swifter, more successfuler...." at least if you believe Robert Khuzami, sometime federal prosecutor made SEC enforcement chief. It seems that...
SEC To Make Up For Completely F*cking Up By Joining Twitter
Apr 28, 2009, 12:17pm
Posted by Bess Levin
So, I don't mean to sound old or not down with technology, but the SEC is going to prove its not completely worthless by joining Twitter? No thank you, Mary Schapiro. Apparently the decision to "get online" is an effort...
Friday Is Ken Lewis Day: The EmperorSEC Is Not As Forgiving As I Am
Apr 24, 2009, 10:34am
Posted by Equity Private
Sure, Cuomo may have given him an alibi, but the SEC is still pissed off, and plans to remain so for some time: Cuomo revealed in a letter yesterday to Congress and federal regulators that Lewis testified in December that...
Dear Ms. Chairman:
Apr 20, 2009, 2:40pm
Posted by Equity Private
And we thought the FDIC's public comment period was comic. Try the SEC's recent disclosure on comments that have flooded in for short selling rules. (And don't forget to pick up a "Don't Short Me Bro!" Mug before the rule...
Not So Fast, Why Bother With Bankruptcy When We Can Just Take It All?
Apr 08, 2009, 12:13pm
Posted by Equity Private
Bankruptcy is nothing compared to the power of forfeiture vested in the Department of Justice. So why bother letting the assets slip into the expensive, time-consuming morass of bankruptcy? Let's just take them all, no? The Securities and Exchange Commission...
