A senior banker put it to me more bluntly: “I can find a way to say that virtually any trade we make is somehow related to serving one of our clients. They can go ahead and impose the rule on Friday, and I can assure you that by Monday, we’ll find a way around it. Nothing will change unless the definition is ironclad.” Andrew Ross Sorkin, Deal Book Colummnist. New York Times article "Bankers in Davos Seek a United Message on Volcker Rule". February 1, 2010 |
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SEC Reports
- Alliance for Economic Stability Investigates SEC Chairman’s Violations of President Obama’s Executive Order on Ethics.
- Mary Schapiro’s Conflicts of Interest and Multi-Million-Dollar Annual Compensation for Regulatory Work.
- SEC Chairman Mary Schapiro’s Questionable Conduct
- Schapiro’s Testimony on Lehman Accounting Trick Omits Mention of FINRA's Central Role
- Alliance for Economic Stability Urges Financial Crisis Inquiry Commission to Investigate FINRA.