Political Economy Archive: SEC
Before grilling SEC chair, did Issa offer new view on agency's budget?
Before lawmakers grilled SEC Chairwoman Mary L. Schapiro on Thursday on whether she mishandled of a conflict of interest, one of her leading critics chatted amiably with her and shared some sympathetic words.
By
David S. Hilzenrath
| March 11, 2011; 3:07 PM ET |
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Budget and fiscal policy, Congress, SEC
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3 charged with ignoring signs that body armor supply firm was paying for prostitutes
Members of the audit committee at a company called Point Blank Solutions allegedly discussed some unconventional expenses: The company was paying for prostitutes. But don't look for details in records of the meetings. "In fact, although these payments were discussed at board meetings, these discussions were concealed by omitting them from the official board minutes," the Securities and Exchange Commission said Monday as it charged three former directors with being "willfully blind to numerous red flags signaling accounting fraud."
By
David S. Hilzenrath
| February 28, 2011; 5:37 PM ET |
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SEC
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House Republicans question SEC on general counsel's conflict in Madoff probe
House Republicans want to know more about Securities and Exchange Commission general counsel David M. Becker's entanglement in Bernard Madoff's Ponzi scheme. In a letter to SEC chairman Mary Schapiro Thursday, four senior Republicans on the House Financial Services Committee, including Chairman Spencer Bachus of Alabama, asked questions probing whether the matter created any conflict of interest at the agency.
By
David Hilzenrath
| February 24, 2011; 4:13 PM ET |
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Congress, SEC
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NY attorney general Cuomo sues Rattner, chief architect of auto bailouts
The attorney general of New York, Andrew Cuomo, hit Steve Rattner with two lawsuits Thursday, alleging he paid kickbacks to win $150 million in business from the state's pension fund for his private equity firm. Meanwhile, Rattner has agreed to a $6.2 million settlement with the Securities and Exchange Commission over similar allegations of widespread fraud at Rattner's firm, Quadrangle.
By
Jia Lynn Yang
| November 18, 2010; 11:01 AM ET |
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SEC
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