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...never have enough people, but if you could bump up enforcement levels, say, 20%, it would make a huge difference," says Bruce Carton, former senior counsel in the SEC's Division of Enforcement, and editor of online securities enforcement publication, Securities Docket. "Tweaking policies won't replace more manpower and training," says Carton. "It's one thing to have more enforcement people on the ground, but they have to be trained to know what to look...

Author: /time Magazine | Title: Can Mary Schapiro Revitalize the SEC? | 1/27/2009 | See Source »

...Richard Wallace knows something about Schapiro and believes she will take bold action. Wallace worked at Schapiro's FINRA for the last 12 years, and before that was an enforcement prosecutor at the SEC. Wallace is now partner at the law firm Foley & Lardner, chief counsel of its financial industry regulatory authority practice. "Within a few months of coming on board at FINRA, Mary brought charges against Banker's Trust Securities," Wallace says. "She jumped right in, she beefed up enforcement, and wasn't afraid at all to take on powerful interests. She was an enforcement officer once, and enforcement...

Author: /time Magazine | Title: Can Mary Schapiro Revitalize the SEC? | 1/27/2009 | See Source »

...became senior counsel to Senator Patrick Leahy on the Senate Judiciary Committee, where he advised Leahy on intellectual property, telecommunications and constitutional issues...

Author: /time Magazine | Title: Climate Change Envoy Todd Stern | 1/26/2009 | See Source »

...Market sentiment during the last few Years of the Ox has, in fact, been more bearish than bovine. In 1997, Asia suffered a financial meltdown, while in 1973 the world was ravaged by oil shocks. Year of the Ox almanacs sold in Shanghai subways counsel patience and hard work in order to overcome 2009's potential market woes. Both virtues are considered attributes of those people born under its symbol. In fact, one of the leaders on whom the fate of the global financial system may well depend was born in a Year of the Ox: Barack Obama...

Author: /time Magazine | Title: China Not So Bullish About the Year of the Ox | 1/23/2009 | See Source »

...obstacle course of legal and logistical difficulties before it can remove the last detainee and consign the much reviled prison to history. "After the signature, that's when you face the practical difficulties," says Vijay Padmanabhan, a visiting professor at the Benjamin N. Cardozo School of Law and former counsel on detainee issues to the State Department. How long could it take? Experts consulted by TIME say there's a good chance there will still be some detainees at the prison deep into 2009, and possibly into 2010. (See pictures from inside Guantánamo...

Author: /time Magazine | Title: Obama Orders Gitmo Closed. Now the Hard Part | 1/22/2009 | See Source »

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