Tagged: SEC

Countrywide ex-CEO charged with fraud

The SEC is charging mortgage pioneer Angelo Mozilo, the ex-CEO of Countrywide, with fraud and insider trading for actions that triggered the sub-prime meltdown.  School of Law Professor Tamar Frankel, an authority on securities law and legal ethics, says it’s about time the feds went after the big fish instead of just the “small fry” […]

SEC: Show us non-execs’ comp

The SEC will propose that companies disclose, for the first time, how they compensate nonexecutives — not just their top five executives.  School of Law Professor Tamar Frankel, author of “Trust and Honesty: America’s Business Culture at a Crossroads,” says this makes sense. “If the highest rewarded sales focus are on highest dollars, we ought to […]

Pequot Capital Management hedge fund closes

Under the shadow of an insider-trading probe, pioneering hedge fund Pequot Capital Management is shutting down forever.  School of Law Professor Tamar Frankel, an authority on securities law and legal ethics, says this is another lesson in why hedge funds should not be exempt from regulation. Contact Tamar Frankel, 617-353-3773, tfrankel@bu.edu

First SEC case alleging credit-default-swap insider trading

Law Professor Tamar Frankel, an authority on securities law and legal ethics, applauds the Securities and Exchange Commission for bringing its first insider-trading case involving the unregulated financial world of Credit Default Swaps. “It makes good sense for the SEC to start prosecuting in the area of credit swaps. First, one can learn a lot […]

SEC to use “specialists” to fight fraud

Law Professor Tamar Frankel, an authority on securities law, applauds the SEC’s decision to turn to legal specialists to fight financial fraud. “Staffing the Securities and Exchange Commission with specialized expert examiners and investigators is an idea whose time has come. Not only is the financial market far more complicated than in the past, it […]

Dealing with the Merrill Lynch bonuses

School of Law Professor Tamar Frankel, an authority on securities law and legal ethics, says the SEC is in a tough spot reviewing whether bailed-out Bank of America broke the law by not disclosing to shareholders bonuses to executives at Merrill Lynch, which BofA had bought.  She suggests three ways to enforce the law, which could […]

SEC to bolster whistle-blower policy

Law Professor Tamar Frankel, an authority on securities law and legal ethics, says the SEC’s plan to revamp its whistle-blower policies in light of the Madoff affair also should incorporate other market “signals” of wrongdoing. “Regulators should pay close attention not only the whistle blowers but also other signals of foul play.  When the promises of a money […]