soxfirst
SEC needs lessons in economics: SEC commissioner
Filed in archive regulators by leon on July 11, 2006
SEC needs lessons in economics: SEC commissioner
The Securities and Exchanges Commission is in the firing line again with departing SEC commissioner Cynthia Glassman saying the SEC, the body that's supposed to enforce standards for financial reporting by companies, is a dud when it comes to basic economics.

You can read the report here.

According to Glassman, there is a need for real cost benefit analysis when it comes to rulemaking and enforcement. The SEC's botched rulemaking attempts for mutual funds and hedge fund registration were cited as cases in point.

Glassman's comments are interesting in the context of a report from the Government Accountability Office not that long ago slating the SEC for sloppy internal controls.

The report is covered in a blog I did earlier this year.

If the SEC were a company, it would be in deep water.

Related Entries:

Permalink: SEC needs lessons in economics: SEC commissioner
Tags: Cynthia  Glassman  SEC  economics  corporate  commissioner  lessons+economics  needs+lessons  economics+comm 
Trackback: http://publish.creative-weblogging.com/publish/mt-tb.pl/28832
img Addthis img Ask img Blinklist img del.icio.us img Digg img Fark img Facebook img Google img Lycos img Ma.gnolia Add this page to Mister Wong Mr Wong img Netscape img Netvousz img Newsvine img Reddit img StumbleUpon img Slashdot img Tailrank img Technorati img Wink img Yahoo

Vote for SEC needs lessons in economics: SEC commissioner:

  • Currently 10.00/10
  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
Rating: 10.00 out of 2 vote(s) cast.
 
Subscribe
Share It
Popular posts from our other blogs:
RSSrss
See all blog subscribe options
Google google
What is RSS?
Yahoo! yahoo
Addthis Subscribe using any feed reader!
Bloglines Bloglines
Newsletter

TwitterFollow us on Twitter!