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Non-Tech : The Enron Scandal - Unmoderated -- Ignore unavailable to you. Want to Upgrade?

To: Labrador who wrote (2808)	11/5/2003 3:17:44 PM
From: The Duke of URL©	Read Replies (1) \| Respond to of 3602

Can you believe this? Donaldson is such an industry shill that he thinks it's alright for the NYSE to steal a little: "Within the next year, you will see some separation of the enforcement and the marketing functions at the New York Stock Exchange," former SEC Chairman Arthur Levitt said Wednesday in Chicago. In his testimony, one securities expert, law professor John Coffee of Columbia University, said the regulatory arm must have its own board of only independent members, ideally not from the NYSE board. Reed's plan, Coffee testified, would be inadequate if the head of regulation is under the NYSE chief, who has several industry members among his bosses. The chairman of the Securities and Exchange Commission, William Donaldson, has opposed splitting off regulatory functions, but other experts say such a move is inevitable