Word: investors
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Experts say it's a positive start but far from enough for an agency considered to be at the heart of restoring investor confidence in the U.S. financial system. "These are good first steps, but they aren't any silver bullet," said Bruce Carton, a former SEC enforcement officer and publisher of the securities-enforcement report the Securities Docket. "These are all bureaucratic obstacles that never should have been there in the first place. It will certainly expedite things, but it won't catch a Madoff." Real change, he said, "is all about putting more people in enforcement and training...
...people we serve," both big and small investors, Schapiro said she'll form a feedback group within the SEC called the Investor Advisory Committee. The committee's purpose, she said, is to hear "firsthand about the issues most concerning to investors...
...This has been done before - there have always been investor committees - but nothing dramatic ever comes of it," said Coffee...
Robert Chew is a former investor with Madoff via a feeder fund. He lives in Colorado...
Robert Chew is a former investor with Madoff via a feeder fund. He lives in Colorado...