Post by sinatrafan2 on Jun 24, 2006 8:08:59 GMT -4
SEC Enforcement Director, Linda Thomsen
"...My message to you today is to keep it up - keep up your vigilance, avoid complacency, and remain steadfast in your efforts to maintain strong compliance programs, built on the foundation of a culture in which investor interests are placed first. Let your business and compliance decisions always be guided by that principle. As for us, we will also keep up our role in meeting the Commission's goals of protecting investors; maintaining fair, orderly, and efficient markets; and facilitating capital formation. It has been said that "[e]ternal vigilance is the price of liberty."1 And that is my theme for today: our need to remain vigilant. Of course, my views are my own and do not necessarily reflect the views of the Commission or any other member of the staff..."
Gary J Aguirre May 30th 2006
Letter to The Honorable Chuck Hagel, Chairman, Subcommittee on Securities and Investment.
"...At his retirement party, he told Enforcement Director, Linda Thomsen, in my presence that the investigation I headed (investigation of suspected insider trading and market manipulation by one of the nation's largest hedge funds), was the most important one he had worked on in his thirty year career with the SEC. Another seventeen year veteran, whose expertise was market manipulation and insider trading told me the same. Unfortunately, Director Thomsen stopped the investigation for political reasons...."
"...My message to you today is to keep it up - keep up your vigilance, avoid complacency, and remain steadfast in your efforts to maintain strong compliance programs, built on the foundation of a culture in which investor interests are placed first. Let your business and compliance decisions always be guided by that principle. As for us, we will also keep up our role in meeting the Commission's goals of protecting investors; maintaining fair, orderly, and efficient markets; and facilitating capital formation. It has been said that "[e]ternal vigilance is the price of liberty."1 And that is my theme for today: our need to remain vigilant. Of course, my views are my own and do not necessarily reflect the views of the Commission or any other member of the staff..."
Gary J Aguirre May 30th 2006
Letter to The Honorable Chuck Hagel, Chairman, Subcommittee on Securities and Investment.
"...At his retirement party, he told Enforcement Director, Linda Thomsen, in my presence that the investigation I headed (investigation of suspected insider trading and market manipulation by one of the nation's largest hedge funds), was the most important one he had worked on in his thirty year career with the SEC. Another seventeen year veteran, whose expertise was market manipulation and insider trading told me the same. Unfortunately, Director Thomsen stopped the investigation for political reasons...."