Word: schooled
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...Business School professors said that the case raises important ethical issues, but that the legal grounding of the SEC’s suit is unclear...
...School Professor Allen Ferrell noted that Paulson’s actions likely did not constitute wrongdoing, if the hedge fund was independently speculating on future market movements—which is not fraudulent behavior...
...Business School Professor Michael D. Kimbrough questioned whether Paulson’s involvement could be considered proper business practice...
...Business School professors said that greater transparency in derivative transactions could help prevent similar situations in the future...
Bills regulating derivative exchanges are currently under review in the House and Senate, but Business School professor David A. Moss stressed that these new regulations, had they been in place at the time, may not have prevented the alleged fraud...