Quotes About SEC

Merging the SEC and CFTC was a political nonstarter because they were overseen by separate committees in Congress. The

Merging the SEC and CFTC was a political nonstarter because they were overseen by separate committees in Congress. The congressional oversight committees jealously guarded their turf because the market players regulated by the two agencies could be counted on to provide lucrative campaign contributions.

Despite a sincere effort, the SEC was not well suited to supervising the investment banks.

If you want to fight the evil you see in finance and industry, get to work reading the corporate filings, see if there has been fraud, and where you find it, report it to the SEC or write about it or blog about it.

I think what I brought from the private sector was a real appreciation of how much leverage - respect, if you will - that the SEC has. Major companies, in particular, really don't want to be at war with their primary regulator. The SEC may not have appreciated just how great our leverage is.

What I don't like - and I'm concerned about - as a Houstonian is that the SEC is starting to own Houston... There's more talk about the SEC than there is the Big 12.

I'm jumping on a trend to try to engage my younger constituents. They need to know that a lot of what's happening now will impact their futures. If taking a 'selfie' with the chair of the SEC, Steny Hoyer, or Alzheimer's research advocates, gets their attention, then it's worth it. Plus, it's fun.

Benefits are rarely made public in filings with the Securities and Exchange Commission, where companies must report the pay and options that their five highest-paid executives receive.

If you want to fight the evil you see in finance and industry, get to work reading the corporate filings, see if there has been fraud, and where you find it, report it to the SEC or write about it or blog about it.

I have very little respect for the integrity of the trading on the exchange in most stocks. And I have particular disdain for the fact that the SEC has failed to deal with high-frequency traders who are doing nothing more than taking advantage of inside information, a buy or a sell order, because of technology advantages.

Either Mitt Romney through his own words and his own signature was misrepresenting his position at Bain to the SEC, which is a felony, or he was misrepresenting his position at Bain to the American people.

Why should the court impose a judgment in a case in which the SEC alleges a serious securities fraud, but the defendant neither admits nor denies wrongdoing?

When the SEC needs to be deterring corporate wrongdoing, the 'penalty pilot' program sends the wrong message.

Quarterbacks running in the SEC typically translate over well to the pro game. If you can run, take off and get 10 yards here and there against SEC defenses, there's a good chance that you can do that at the NFL level as well.

they'll reregulate within ten years. There'll be a string of crashes, and they'll do it. the free marketeers will scream, but the fact is, free markets don't provide safety. Only regulation does that. You want safe food, you better have inspectors. You want safe water, you better have an EPA. You want a safe stock market, you better have an SEC. And you want safe airlines, you better regulate them too. Believe me, they will.

The free marketeers will scream, but the fact is, free markets don't provide safety. Only regulation does that. You want safe food, you better have inspectors. You want safe water, you better have an EPA. You want a safe stock market, you better have the SEC. And you want safe airlines, you better regulate them, too. Believe me, they will.

After the meeting, RBC conducted a study, never released publicly, in which they found that more than two hundred SEC staffers since 2007 had left their government jobs to work for high-frequency trading firms or the firms that lobbied Washington

Chop house brokers are nomads. The chop house folds or is shut down by the SEC, and its employees move on in a teeming, peristaltic mass.

The SEC, like the public stock exchanges, had a kind of equity stake in the future revenues of high-frequency traders.

On January 30, 1992, the SEC told Enron that it would not object to the use of mark-to-market accounting beginning that year. On getting the word, Skilling was ecstatic. He quickly gathered his troops in the conference room of the thirty-first floor, where his group had its offices. To celebrate, he brought in champagne: champagne to toast an accounting change!

According to their filings with the Securities and Exchange Commission, most for-profit insurance companies maintain a medical loss ratio of about 80 percent, which is to say that 20 cents of every dollar people pay in premiums for health insurance doesn't buy any health care.

There needs to be somebody that looks out for what's best for the game, not what's best for the Big 10 or what's best for the SEC or what's best for Jim Harbaugh, but what's best for the game of college football - the integrity of the game, the coaches, the players, and the people that play it.

The Government Securities Act gave the Treasury Department some rulemaking authority over all government securities brokers and dealers. But the act also required these firms to register with the SEC.

The organization of the government itself is something which we ought to examine in a more self-conscious way - the Federal Reserve and the Treasury and the Securities and Exchange Commission. The mission that each of them has is mainly economic but should be informed by good organizational practices.