Shut the SEC and Start Over

Shut the SEC and Start Over

I was particularly interested in William D. Cohan's recent piece for Bloomberg, "Big Reason to Shut SEC, Start Over."   Certainly, recent reports show the SEC to be less than effective regulators of Wall Street -- whether it's lazy, inept or worse -- but the agency has been problematic for some time.   I've talked about this in several video posts in the past couple of years and I thought I'd resurrect a couple for you today.  I hope you read Cohan's piece and let me know what you think.  Can the SEC be an effective regulatory agency?  Or, have they become so intertwined with Wall Street and revolving door that they fail to check corporate hubris? 

Conspicuous Failure on the role of the SEC and Fed in the financial crisis.  June 16, 2010. 

Financial Reform ..."if the answer to the question is the SEC, then you've asked the wrong question."  June 16, 2010.

Read more blog posts on corporate governance at the Robert A.G. Monks blog

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