The SEC should establish clear minimum standards regarding personal trading that every mutual fund money manager must meet and be morediligent in monitoring compliance with these standards during its inspections of managers.
In my opinion, it makes for good public relations, but to be effective, this body of brokers and dealers must be morediligent with the complaints they receive.
New reporting requirements that stock exchanges have ordered in response to high-profile scandals, together with tougher auditing standards under the Sarbanes-Oxley Act, have pushed boards and managers to become far morediligent in reporting accurate financial information.
Matthew's parents had testified that they were unhappy with Woodward because of her hours and had issued an ultimatum about being morediligent a week before the baby died.