http://www.accountr.co.uk/2010/03/30/sec-looks-for-more-repo-105s/ Accounting News, Accountancy News, Accounting Jobs, Accountancy Jobs, Accountancy Humour Thu, 27 Jan 2011 14:36:15 +0000 http://wordpress.org/?v=2.9.1 hourly 1 http://www.accountr.co.uk/2010/03/30/sec-looks-for-more-repo-105s/comment-page-1/#comment-4111 anon Tue, 06 Apr 2010 21:28:56 +0000 http://www.accountr.co.uk/?p=1861#comment-4111 Sounds like you just described the FSA at the same time. Sounds like you just described the FSA at the same time.

]]> http://www.accountr.co.uk/2010/03/30/sec-looks-for-more-repo-105s/comment-page-1/#comment-4109 Christopher Neufeld Fri, 02 Apr 2010 22:50:10 +0000 http://www.accountr.co.uk/?p=1861#comment-4109 What more can one say about the SEC, which has been too busy with tackling matters after the fact. Even this approach appears to be misplaced, as it will look to prosecute matters which until now may not have been illegal and for which many of these major financial institutions have taken internal actions to address so that they don't have a situation similar to that of Lehman Brothers. This would appear to be another instance where the SEC will mismanage their limited resources, being late to the party and prosecute something that doesn't require prosecution, simply because for public appearances it looks like they are doing their job. The SEC needs to focus its energies on real, substantive investigations that will protect public investors. What more can one say about the SEC, which has been too busy with tackling matters after the fact. Even this approach appears to be misplaced, as it will look to prosecute matters which until now may not have been illegal and for which many of these major financial institutions have taken internal actions to address so that they don’t have a situation similar to that of Lehman Brothers. This would appear to be another instance where the SEC will mismanage their limited resources, being late to the party and prosecute something that doesn’t require prosecution, simply because for public appearances it looks like they are doing their job. The SEC needs to focus its energies on real, substantive investigations that will protect public investors.

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