Skip to main content

SEC Gets A Shot At Redemption

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- US government bonds with a face value of over $134 billion. The Italian police now want the SEC to opine on whether these two individuals were just overpacking for a holiday in the Alps or up to something a little more illicit.
Among the issues that may befuddle SEC are:
(1) The likelihood the 2 people stopped at the border are legitimately the US's fourth largest creditor
(2) The denominations listed on the bonds did not exist on the date they were theoretically issued; and
(3) The "Kennedy" classification of the bonds does not appear to exist.
Italian Police Ask SEC to Authenticate Seized U.S. Treasuries [Bloomberg]



Banned Financial Adviser Who Ignored SEC Had A Plan All Along: Hoodoo Spells...Really

We thought Dawn Bennett was a little nutty, but it turns out that she's just a lady who keeps tongues in jars to keep regulators off her case.

Elon SEC

SEC Legally Daring Tesla Board To Produce Some Balls

Elon Musk no longer controls the adults in the room, wink wink.


Lynn Tilton Gets Off

The SEC fails to get the fuzzy cuffs on Wall Street's Joan of Arc.