Market Cop: August 8, 2010 - August 14, 2010
SEC enforcement division gets to keep its subpoena power
The SEC's enforcement division will get to keep its power to subpoena. Earlier today, I noted that today was the last day of a one-year trial in which the enforcement division was given the power to issue subpoenas directly. Until...
By
Zachary Goldfarb
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August 11, 2010; 2:50 PM ET |
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Is the SEC enforcement division about to lose subpoena power?
To great fanfare, SEC Chairman Mary Schapiro last year gave the authority to issue subpoenas directly to the agency's enforcement division. Until then, investigators had to come before the agency's commissioners to request permission to file subpoenas, a process that...
By
Zachary Goldfarb
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August 11, 2010; 2:14 PM ET |
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Today's top stories: iPhones, Goldman Sachs probe, Tourre and derivatives rules
The story: AT&T says loss of iPhone exclusivity won't have "material" negative impact on earnings. The takeaway: When it comes to financial disclosures, materiality rules. Which is why, with so much speculation that AT&T will lose its exclusive right to...
By
Zachary Goldfarb
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August 10, 2010; 12:32 PM ET |
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