Tagged: Securities and Exchange Commission

SEC widens BofA/Merrill probe

The Securities and Exchange Commission is widening its probe of the Bank of American take-over Merrill Lynch to go beyond failing to disclose bonuses paid to Merrill employees to now include failure to disclose ML’s mounting losses.  Law Professor Elizabeth Nowicki, a former SEC and Wall Street attorney, says it’s about time. The SEC’s expanding probe of Bank […]

“Bolder” financial reg overhaul?

Two former SEC chairman are proposing an overhaul of U.S. financial regulation that is significantly “bolder” than that recently proposed by the Treasury Department.  School of Law Professor Cornelius Hurley, director of the Morin Center for Banking and Financial Law and former counsel to the Fed Board of Governors, can compare the proposals. Contact Cornelius […]

Unravelling the Madoff scheme

With three new lawsuits filed against investment ”feeders” of Bernard Madoff’s alleged $65 billion “Ponzi” scheme, federal investigators are  slowing unravelling the mechanics of history’s biggest investment ripoff.  School of Law Professor Tamar Frankel, a legal-ethics expert and authority on fiduciary law, says the “middlemen” in the Madoff scheme should have know what was going on. “The more […]