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Politics : Welcome to Slider's Dugout -- Ignore unavailable to you. Want to Upgrade?


To: SliderOnTheBlack who wrote (17419)5/14/2009 6:59:26 PM
From: Nixpix2 Recommendations  Read Replies (1) | Respond to of 50502
 
I saw a bumper sticker today that says it all about Obama-- I'm going to get one for my car

"So how's all that hope and change working for you?"



To: SliderOnTheBlack who wrote (17419)5/15/2009 7:47:39 AM
From: Jack Be Quick2 Recommendations  Read Replies (1) | Respond to of 50502
 
Slider,

Many good posts -- thanks.

Here's a little news about the hard working SEC, battling tirelessly on the front lines to protect the integrity of the markets:

SEC lawyers investigated in FBI insider-trading probe
Report criticizes lack of oversight by regulator
By Simon Kennedy, MarketWatch

marketwatch.com

Excerpt:

The report was also critical of the SEC for not monitoring the trading by its employees.

"The Commission has essentially no compliance system in place to ensure that Commission employees, with the tremendous amount of non-public information at their disposal, do not engage in insider trading," the report said.

It added that the regulator uses an "honor system" for employees to report stock trades, but it doesn't perform spot checks or get duplicate records from brokers to validate the trades and there is widespread, poor understanding of the reporting requirements.
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