For the past year the Securities and Exchange Commission has been trying to toughen up its weakened image. But it still faces skepticism about its ability to adequately enforce laws against corporate crime. Law Professor Tamar Frankel, an authority on securities law and author of “Trust and Honesty: America’s Business Culture at a Crossroad,” says it will take time.
“What brought us to this stage in years cannot be changed in one. The SEC should examine possible culprits, cooperate with local prosecutors, and establish a leadership aimed at restoring America’s trust in its institutions. And that takes time.”
Contact Tamar Frankel, 617-353-3773, email@example.com