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  • singhlion2001 singhlion2001 Dec 28, 2012 1:20 PM Flag

    BREAKING NEWS:MARY SCAHPIRO/ROBERT COOK/ROBERT KHUZAMI ALL FLEE S.E.C. TORA BORA CAVES:

    BREAKING NEWS:MARY SCAHPIRO/ROBERT COOK/ROBERT KHUZAMI ALL FLEE S.E.C. TORA BORA CAVES:

    2 More Officials Plan to Leave the S.E.C.
    BY WILLIAM ALDEN
    8:06 a.m. | Updated

    Mark Wilson/Getty Images
    Robert W. Cook, the S.E.C.’s director of trading and markets, at a Senate panel earlier this year.
    The exodus at the Securities and Exchange Commission is continuing.

    Two top S.E.C. officials — Mark D. Cahn, the general counsel, and Robert W. Cook, the director of trading and markets — plan to leave, the agency said on Wednesday. The two join Meredith Cross, the S.E.C’s director of corporate finance, whose departure was announced on Tuesday.

    The departures come after Mary L. Schapiro announced her resignation as chairwoman last week, after four years leading the agency. Elisse B. Walter, a Democratic commissioner at the agency, will take the reins, but her successor is expected to be named in the near future.

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    Under Mr. Cahn’s watch, the S.E.C. developed a program to reward whistle-blowers who provided useful information. Mr. Cahn, who has served in his position since February 2011, also advised on the rules that the agency had to write under the Dodd-Frank Act. He plans to leave at the end of the year and return to the private sector.

    Mr. Cook, who has been the director of trading and markets since January 2010, oversaw the new rules for Wall Street stemming from Dodd-Frank and the JOBS Act. He also directed the agency’s response to the “flash crash” of May 6, 2010, leading an effort to strengthen circuit breakers and other controls.

    “Robert provided extraordinary counsel and worked tirelessly as we put in place measures that have helped to bolster our markets,” Ms. Schapiro said in a statement.

    Other departures may follow.

    Robert Khuzami, the S.E.C. enforcement director, is contemplating his future. He is considered a long-shot contender to take over from Ms. Walter as chairman.

    Some agency officials expect him to leave if he is not named to the top post, according to people with knowledge of the matter who spoke on the condition of anonymity. But others indicate he could still stay.

    The personnel changes come as the agency has regained some of its footing since the financial crisis, but is still enmeshed in its share of battles. While the S.E.C. has claimed some significant enforcement victories over the last few years, it is still criticized by consumer advocates as not being tough enough on Wall Street.

    It also has plenty of work to do, as it completes new regulations and considers fresh challenges, like how to police the high-speed trading that dominates the stock market.

    “It has been a unique privilege to have worked at the commission during such an extraordinary period of change in the financial and regulatory arena,” Mr. Cahn, the general counsel, said in a statement.

    Sentiment: Strong Sell

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    • Wall Street represents the corporate culture. The definition of a corporation is "Individual profit without individual responsibility'.

      As long as a the corporate charter exists it is imposible to regulate, or prosecute individuals under corporate law.

      We have big problems as a society and as a species, but as long as we value individual profit over the comman good of our species and our planet we are on a path to self destruction.

      It is my opinion that this is a reflection of our basic biology as a species and not very changble As Pogo said long ago in the comics "I have seen the enemy and he is I" -many a truth is spoken in jest
      --------------------------
      Quote: "It's the LAW"
      The law is designed to operate in the fashion it has.
      Lawmakers on talk shows in Virginia like to say, "I'd love to help you, but it's the law." What do lawmaker's do? Virginia lawmakers just give you the above line.
      As to findings of culpability, those conditions are designed in as well, by lawyers, marketers and lobbyists. There fore one needs to pay lawyers, specialist lawyers, to find error. Dickens and even Conrad wrote stories that cover the details of these scams.
      And, how can you find culpability if one claims they 'just believed' what they were told. One would have to have professional standards and licenses that could be recinded. State of the Art for Marketers, and Marketing degrees, is State of the Art 'Selling their Product' by any means. And Caveat Emptor.
      State of the Art in Plastic Surgery, and in all surgery, has nothing to do with Ethics, only with Means

      Sentiment: Strong Sell

    • The SEC isn't incompetent, it's tasked to look the other way for fear of dampening economic vitality. It's real purpose is to seduce small investors, especially, into a false sense of security. The real crux of the problem is the lack of financial savvy and courage in Washington. The pressure to let half-truths and even outright fraud pass by is just too great for our dissolute government officials. It's no accident the greatest concentration of millionaires in the US is around Washington.
      ----------
      SEC was probably the "third agency of government" that would have been gone if Rick Perry had won. Ron Paul would definitely have killed it, said it does nothing but give people a false sense of security so they are quicker to part with their money.
      -----------
      Former lead investigator in the Savings and Loan scandal Professor William Black and other experts have said that Attorney General Eric Holder has every tool necessary in his justice bag to prosecute the Wall Street fraudsters. Can your guest discuss why Obama and Eric Holder have not prosecuted any of the Wall Street banksters. So if the SEC does not have prosecutorial powers but the Dept of Justice does. Enough of the excuses.....
      --------------
      Funding has been an SEC problem, but the mix and quality of its workforce is an even bigger one.
      The SEC has been traditionally overstaffed with young lawyers eager to prove themselves talented enough to get noticed by large private firms, and lured away with large pay packages. The young SEC investigator who asked Bernie Madoff for a job is just the most glaring example.
      The SEC staff is under-represented by older, very experienced forensic accountants and financiers who have worked inside Wall Street firms and were either forced out for refusing to compromise their ethics, or left in disgust. These are the people who, if permitted, could build strong cases against fraud based on witnessing the typical course of fraudulent events. And they cannot be compromised by big offers from outside firms.
      -------------------

      Sentiment: Strong Sell

    • These criminals who made possible netflix fraud loot for last 3 years ..now are in flee mode at s.e.c. And why?

      these criminals can not explain sold crime proof handed by lion broadcasting against nexus scam gang led by reed hastings/barry mccarthy/jay hoag/goldman sachs/morgan stanley scam gang

      these criminals belong in jail............but robert khuzami/mary schapiro/elisse walters/robert cook scam gang flee instead of taking action against reed hastings scma gang

      Sentiment: Strong Sell

      • 1 Reply to singhlion2001
      • SEC Exodus Continues as Lawman Khuzami Leaves
        SEC's Top Markets Official to Leave - WSJ
        Trading and Markets Director Robert Cook to Leave SEC; 2012-253 .
        REPORT: Sallie Krawcheck Is In The Running To Be The Next SEC ...

        SEC facing deadlock after chief Mary Schapiro quits - Los Angeles ...
        SEC facing deadlock after chief Mary Schapiro quits
        SEC Commissioner Elisse Walter is named the new chairwoman of the agency, which will be effectively deadlocked — at least temporarily — on controversial issues.

        The Role Of The SEC And What's Needed To Keep Watch On Wall Street

        Wednesday, November 28, 2012 - 10:06 a.m.
        Mary Schapiro took over as chair of the Securities and Exchange Commission in 2009. The nation was in serious financial crisis and Wall Street seemed to resemble the Wild West in need of a strong sheriff. Many saw Schapiro as that sheriff and credit her with salvaging the agency's role as Wall Street's watchdog. Critics point to unfinished business, such as addressing the root causes of the financial crisis and punishing the perpetrators whose actions contributed to it. A discussion of the role of the SEC and its future under new leadership.

        Sentiment: Strong Sell

    • BREAKING NEWS:MARY SCAHPIRO/ROBERT COOK/ROBERT KHUZAMI ALL FLEE S.E.C. TORA BORA CAVES:
      These criminals must be arrested ASAP for their fraud at S.E.C in Bed with their Fraud Bankster Financial Terrorists in USA

      The exodus at the Securities and Exchange Commissionis continuing.

      Two top S.E.C. officials — Mark D. Cahn, the general counsel, and Robert W. Cook, the director of trading and markets — plan to leave, the agency said on Wednesday. The two join Meredith Cross, the S.E.C’s director of corporate finance, whose departure was announced on Tuesday.

      The departures come after Mary L. Schapiroannounced her resignation as chairwoman last week

      Sentiment: Strong Sell

 
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