SEC. 1103. PRUDENTIAL OVERSIGHT OF ACCOUNTING PRINCIPLES AND STANDARDS THAT POSE SYSTEMIC RISKS.

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Excerpt: ""The US Securities and Exchange Commission has opened a probe into the world's largest hospital corporation and whether its London unit fabricated payments for phantom nursing shifts, the Washington Post reported Wednesday. ""

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By Dawn Kopecki and Joshua Gallu

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No Economic Recovery in Sight: More Financial Chaos Ahead By Bob Chapman, The International Forecaster (reposted on DProgram.net)

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GE settled civil fraud charges [for $50 million] brought by the Securities and Exchange Commission, which alleged that the company used improper accounting methods that allowed it to boost its reported earnings and avoid disclosing negative results.

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The SEC's Eric Swanson, who told his underling lawyer to stop looking into Bernie Madoff's questionable activities in 2004, married Bernie's niece Shana Madoff in 2007.

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An investigator at the Securities and Exchange Commission warned superiors as far back as 2004 about irregularities at Bernard L. Madoff's financial management firm, according to documents and sources.

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Countrywide's Angelo Mozilo Indicted: And So It Begins…

In 2006, Countrywide originated $461 billion worth of mortgages. In 2007, Mozilo took in $121.5 million from exercising stock options and was awarded another $22.1 million of compensation.

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"In these circumstances, it's very hard for the authorities to fight allegations of crony capitalism," Rajan said later. "The public senses two sets of rules — one for the systemically important and the other for the rest of us."

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President Barack Obama has chosen three people to join the senior ranks of the Treasury Department, where a slow pace of hiring has put the agency on the defensive.

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FBI agents have arrested the chief investment officer of troubled Stanford Financial Group, accusing Laura Pendergest-Holt of obstructing a Securities and Exchange Commission fraud investigation.

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"The man who waged a decade-long campaign to alert regulators to problems in the operations of fallen money manager Bernard Madoff told Congress Wednesday that he had feared for his physical safety.

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The police are searching for Arthur Nadel, 75, a prominent Sarasota philanthropist and fund manager who was reported missing by his family Wednesday.

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Naturally, the rebuttal is from a public relations specialist from within. This Director-level in Marketing hits the nail on the head. There truly is too much estrogen and progesterone in positions of power. Many have, and will continue to abuse it...

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The Securities and Exchange Commission heard rumblings about Wall Street money manager Bernard Madoff's investment methods nearly a decade ago. Now a House panel wants to know how, despite those warnings, Madoff continued to operate without an agency investigation.

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AMERICANS enter the New Year in a strange new role: financial lunatics. We've been viewed by the wider world with mistrust and suspicion on other matters, but on the subject of money even our harshest critics have been inclined to believe that we knew what we were doing.

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How different, really, is Mr. Madoff's tale from the story of the investment industry as a whole?

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Mark Cuban, Internet entrepreneur and owner of the Dallas Mavericks, was charged with insider trading Monday related to the stock of an online search engine, the Securities and Exchange Commission said.

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Well, well, well ... Standard and Poor officials' text messages in 2007 reveal: 'We rate every deal.

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In a short and sparsely attended meeting April 2004, the Commission loosened the "net capital rule" and let the five largest investment banks reduce reserves.

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The Obama and McCain campaigns have agreed to an unusual free-flowing format for the three televised presidential debates, which begin Friday.

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The Obama and McCain campaigns have agreed to an unusual free-flowing format for the three televised presidential debates, which begin Friday.

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Do Something

With the country in the middle of a contentious political campaign, the attention span of the Congress is understandably diverted to the mundane task of getting re-elected. All 435 members of the House and one-third of the Senate are working to keep their jobs.

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The U.S. Securities and Exchange Commission took what it called "emergency action" Friday and temporarily banned investors from short-selling 799 financial companies.

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The Securities and Exchange Commission on Friday issued a temporary ban on short sales of 799 financial stocks, a move against traders who have sought to profit from the financial crisis by betting against bank shares.

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