Even the SEC no longer seriously questions its practice of withholding information about manager wrongdoing from investors.
Since managers no longer have to file Part II with the SEC, even the SEC no longer has access to manager Part IIs.
In a brief interview, the older Mr. Bent said it is "very, very amusing that no one from the SEC, no one from Congress, no one from the Fed ... has called to ask me about anything" related to the proposed money-fund rules being weighed by the SEC.
The CFTC also requires a specific disclaimer to be added to the offering document, while the SEC has no similar requirement.
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The SEC said no-one but Sir Allen and James Davis, SIB's chief financial officer, knew where most of cash has been invested and accused both men of failing to co-operate with investigators.
The SEC has no such requirement.
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As a result, no SEC regulation precludes McClendon from using his well plan stake as loan collateral.
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Fourth, the SEC will be no more effective in the future than it has been in the past.
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"Given the later collapse and federally backed bailout of Bear Stearns, Congress needs to understand more about this case and why the SEC ultimately sought no enforcement action, " Grassley wrote.
An SEC spokesman had no comment on the data, which showed Global Links trade fails totaling 27.3 million shares on Feb. 4, coinciding with the first day that Feb. 1 trades should have settled.
The truth is that no one at the SEC understood these investments and, worse still, no one was trying to understand them.
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If there are no restatements and no private action lawsuits the SEC seems to be saying there was probably no accounting fraud.
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The SEC chairman has absolutely no role in the day-to-day investigation.
Even if no mandatory SEC reporting requirements are forthcoming, at the very least, the guidance provides corporations with the opportunity and to ask internally whether they are doing enough to secure their computer systems.
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Bush was investigated for possible insider trading, but the SEC concluded there was no evidence that he knew at the time of his June 1991 stock sale that the company would soon revise its earnings downward.
No public statement has ever been provided by the SEC, and, likewise, there was no response to the USCIRF letter of inquiry.
While the Securities and Exchange Commission has yet to comment on the matter, Take-Two is no stranger to SEC troubles.
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In a league like the SEC, being good is no longer acceptable when your rival manages to be great every year.
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While the SEC was careful to emphasize no firm was in its crosshairs, its goal was clear: to gather information needed to investigate possible violations of federal securities laws.
When I first heard that the SEC had declared there was no violation, but first thought was that they must be interpreting this provision in terms of contract law.
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While issuers gripe, worried that their new products may never launch and their old may products may never evolve, the SEC seems emboldened to do no harm and little else.
But past performance, as the SEC makes everyone say, is no guarantee of future performance.
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And he says there's no excuse for the SEC's failure to investigate Madoff sooner.
There can be no doubt that the SEC will use their words against them.
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The SEC then replied saying it had no further comment on the matter.
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No manager shows the SEC every questionable practice he has engaged in.
FORBES: No Freedom of Information When It Comes to Money Managers (November 1, 2000)
Despite the obvious breaches of fiduciary duty involved in all these examples, the SEC has accepted industry assurances that no harm to investors results.
FORBES: SEC Takes Action Against Pension Advisers Callan and Yanni (September 25, 2007 )
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