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Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?


To: Red Heeler who wrote (514635)12/22/2003 5:35:26 PM
From: Raymond Duray  Read Replies (2) | Respond to of 769667
 
George Bush: , "I did burn all the books"

When the World Trader Center Tower 7 collapsed under mysterious circumstances, the following SEC report was filed:

<COPY>
Securities & Exchange Commission

This office was the "Northeast Regional Office" of the SEC, which is one of only 11 national SEC regional offices.

"Securities and Exchange Commission(SEC)

7 World Trade Center, 13th Floor

New York, NY 10048

(212) 748-8000 "

state.nj.us

sec.gov

"Clearly what happened was a severe blow," Wayne Carlin, the SEC’s Northeast regional director, told the Washington Post. "It will slow us down, and we will need some amount of time to recover."

The office, which enforces SEC regulations, lost files on about 300 pending investigations, including a major inquiry into the manner in which investment banks divvied up hot shares of initial public offerings during the high-tech boom.

Mr. Carlin said there were no plans to drop any pending matters. "We lost a lot of stuff, though some of it is reconstructible," he said. "Anybody who is under our investigation would be making a mistake if they thought they were in the clear."

The SEC will probably be able to get new copies of documents from the parties that turned them over initially, Mr. Carlin said.

Barry Barbash, a partner with the New York and Washington, D.C. offices of Shearman & Sterling and former director of the division of investment management at the SEC, said that most of the securities firms have back-up systems.

"It’s really the [SEC’s] internally generated notes and correspondence that will prove most problematic," Mr. Barbash said. "

nylawyer.com

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Source: serendipity.li