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Non-Tech : Conseco Insurance (CNO)
CNO 44.70+5.7%2:23 PM EST
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To: M.A. Miller who wrote (479)12/10/1997 11:15:00 AM
From: dfloydr   of 4155
 
M.A., that does not give me a lot of comfort. The same "authorities " failed to catch Equity Funding and in fact I can not remember a time when a state agency "caught" an insurance company - usually it was the market place first and then the bureaucrats who have discovered odd goings on in any of the insurance companies that have had trouble over the years.

Same thing in the brokerage business ... it is the clients who get shafted and then the NASD or the NYSE or the AMEX get wakened to the facts, not the other way around. In the airline industry the FAA only wakes up after the planes crash.
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