July 17, 2009

That Was Fast

The Securities and Exchange Commission had a ready answer to Senator Bennett's request that the agency look into pay-to-play allegations related to securities class actions: no thanks. Enforcement Action reports that Chairman Schapiro has sent a responsive letter noting, in effect, that the conduct at issue does not fall "squarely" within the agency's jurisdiction.

Posted by Lyle Roberts at July 17, 2009 9:14 PM | TrackBack
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