Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Stockman Scott's Political Debate Porch -- Ignore unavailable to you. Want to Upgrade?

To: stockman_scott who wrote (4051)	8/7/2002 9:06:02 AM
From: SGJ	Respond to of 89467

<<<Public apologies also tend to be incredibly effective with regulators, said Edward Fleischman, senior counsel with Linklaters in New York and a former commissioner of the Securities and Exchange Commission. "It's helpful," Fleischman said. "[An apology] shows a manifestation of good faith and willingness to take the pain in order to show the regulators and the world that essentially it was a one-off and won't be allowed to happen again." >>>> I am astounded that this statement can be made by a former SEC commisioner, especially in the current environment. Retirement funds of millions of Americans steered into mutual funds by brokers with one year experience out of college, destroyed. Trillions of dollars up in smoke.So they're sorry...and won't do it again. And that should make it all OK for the regulators. UFB!