Word: lax
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Dates: during 1990-1999
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Still, improper trades by corporate insiders are hard to police. Poor record keeping and lax enforcement by the SEC, for example, have typically made such cases difficult to detect and prosecute. Unless there is unshakable evidence to the contrary, insiders can easily explain away questionable deals as simply being fortuitous. And often even the most flagrant-appearing trades can fall within legal bounds. The Bioscience transactions, now challenged by shareholders as improper, apparently satisfied SEC guidelines. Explains Robert Gabele, president of Invest/Net, a Fort Lauderdale research firm that tracks insider trades: "Many corporate insider trades are not illegal, just unethical...
Stung by criticism of lax enforcement, the SEC has been pressured into cracking down. The watchdog agency has opened a raft of investigations into cases involving corporate insiders in recent months. In one of its toughest actions to date, the SEC last October filed insider-trading charges against three top officers at Shared Medical Systems. The executives, including CEO R. James Macaleer, are accused of making false statements about Shared Medical's financial health and then selling 157,400 shares, at 35 to 4114 each, before the Malvern, Pa., company disclosed a sudden sharp decline in its earnings. The news...
Then all the guys in the D.U. came down and threw the lax players out. "It was obvious the only reason that serious violence was averted was that all the other D.U. members came to help," Shenk said. The story did not end there, though...
Furthermore, he has apparently "impress[ed] his own beliefs upon all others, and demand[ed] immediate and unilateral changes in house policy." Finally, Ignatiev has apparently been lax in attendance at tutor meetings--although the Liems admit that this was not "the last straw" which prompted them not to reappoint Ignatiev...
...Well, I want to examine training. The officers have said they need training in many areas. The Christopher Commission ((named for a panel that called for the creation of a new police commission with increased authority to control a discipline-lax organization with racist tendencies)) clearly indicates that there needs to be a real examination of internal affairs and the process of making complaints against police...