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Strategies & Market Trends : Making Money is Main Objective
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To: lightwave51 who wrote (1816)2/4/2002 4:35:59 PM
From: lightwave51  Read Replies (1) of 2155
 
Sources: SEC Didn't Keep a Close Watch
on Enron
By DOYLE McMANUS, TIMES WASHINGTON BUREAU CHIEF

WASHINGTON -- The Securities and Exchange
Commission, the watchdog agency set up to
protect investors, did not formally review Enron
Corp.'s financial statements for at least three years,
from 1998 until the company began to collapse last
year, sources familiar with the SEC said last week.

During that period, Enron concealed hundreds of
millions of dollars in costs, inflating its profit and
boosting its stock price--all without serious scrutiny
from the SEC.
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