Article: Crisis of Convenience for Roiling SEC

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Crisis of Convenience for Roiling SEC

David Patch

InvestigateTheSEC.com via Wayback, 30 October 2008

To say that support for the Securities and Exchange Commission is at an all time low would be an understatement. With Congressional Investigations into the agencies handling of critical investigations and recent reports out of the Office of Inspector General, investors are left guessing as to what exactly the agency is doing to police our markets. Heck, even a presidential candidate has suggested that the SEC Chairman should be fired and it was his party that hired him.

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Article: Goldman Snared In Naked Shorting Probe

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Goldman Snared In Naked Shorting Probe

Liz Moyer

Forbes, 14 March 2007

One of Wall Street’s biggest prime brokers has been taken to task by the Securities and Exchange Commission and the Big Board for not catching on to its customers’ illegal trading activities.

Goldman Sach’s clearing and execution division is paying $2 million to settle accusations it relied too heavily on what its customers told it without investigating trading activity that showed signs of something being amiss.

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Article: SEC is Looking at Stock Trading

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Article: SEC is Looking at Stock Trading

Jenny Anderson

New York Times, 6 February 2007

The Securities and Exchange Commission has begun a broad examination into whether Wall Street bank employees are leaking information about big trades to favored clients, like hedge funds, in an effort to curry favor with those clients, executives at Wall Street banks said.

The inquiry, these people said, seems aimed at determining how pervasive insider trading, or the illegal use of market-moving nonpublic information, may be on Wall Street. Knowledge about a large trade, like the sale of a big block of stock by the mutual fund giant Fidelity, would tell a trader which way the stock would move.

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Web: Are Financial Journalists Nazi’s/Socialists/Communists in Drag? Remember Dan Dorfman?

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Are Financial Journalists Nazi’s/Socialists/Communists in Drag? Remember Dan Dorfman?

Bud Burrell

Sanity Check via Wayback, 1 March 2006

I witnessed some of the most unprofessional broadcast journalism in my life history yesterday and today, in the treatment of Dr. Patrick Byrne on Kudlow and Co, where a gang of jounalists literally shouted over his voice, and this morning on CNBC, where the same tactics were tried again, only to have Patrick hold up a sign sending every viewer to go to www.thesanitycheck.com for more information.

These tactics I witnessed were similar to those used by the left against Ann Coulter recently, and are mirrored in the conduct of the Brown Shirts supporting Hitler in Germany in the 1920’s and 1930’s, and the Communists throughout their history. The hard left has used these tactics for decades, because they didn’t and don’t have an intelligent response to or plan for the issues at hand. Ditto here.

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Article: Corporate reform dead; SEC chief should resign

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Corporate reform dead; SEC chief should resign

Loren Steffy

Houston Chronicle, 1 March 2006

Corporate governance reform is dead. Its last gasp was stifled by the subpoenas issued last month by the Securities and Exchange Commission against several news organizations and writers.

Last week, Marketwatch .com columnist Herb Greenberg and Dow Jones Newswires columnist Carol Remond acknowledged receiving the subpoenas, which involved stories about Internet retailer Overstock .com.

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