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First, it was "Reform Wall Street." Then it was "Reform the Financial Services Industry." And all the while, where were the voices shouting for a closer look at the regulators? More than the laws, the industry, or the pavement of Wall Street, the real institution that needs to be reformed...
History has shown that nearly every attempt by the SEC to change or introduce an important new rule has been politically and emotionally charged thanks to entrenched SEC staff members who have been asleep at the switch for years, or commission members who are beholden to political interests. Sadly, as...
The SEC has always been ruled by commissioners appointed by the president. There are four commissioners, two Republicans and two Democrats, and a chairperson. The incoming president chooses two commissioners from his or her party. Once the commission is formed, the inevitable political bickering begins, with nary a beneficial outcome...
The response to the impending union has been positive, said Silvestri, who called Pope’s parents while she was on a plane, already en route to Paris, to ask their permission.
“This was the first time I’d been injured,” Sprague said. “It was pretty shocking.”