View full page at forexfactory.com

 

SEC is ‘weak’ on enforcement — says one of its commissioners

From blogs.marketwatch.com

The Securities and Exchange Commission has received its share of criticism for not properly policing markets. But lost amid headlines Thursday was a damning indictment from inside the agency. Luis Aguilar wasn’t willing to go along with a settlement against Kevin Kyser, the former chief financial officer of Affiliated Computer Services. Aguilar pointed out that, per the SEC’s own settlement, ACS had improperly reported about $125 million in revenue that allowed the company to meet its internal revenue growth guidance. Kyser himself knew what ACS was doing, was responsible for false and misleading public filings, ... (full story)

Story Stats

  • Posted:
  • Category: Breaking News