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Saturday, November 21, 
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Entries tagged "Chris Cox"

The SEC offers some short selling reforms

Mary Schapiro's SEC, unlike predecessor Chris Cox's, has created a balanced series of new rules that provide more disclosure and limitations on shorting without banning it.


Christopher Cox and the decline of the SEC

It's pretty easy to beat up the Securities and Exchange Commission's Christopher Cox. From the failure to anticipate Lehman Brothers Holdings Inc. collapse to his feckless pursuit of rumor-mongers and shorts to his powerlessness in bureaucratic turf wars with Treasury and the Federal Reserve, he has looked increasingly lame and passive. But the coup de grace, the admission that the SEC had some concerns about Bernie Madoff, which were repeatedly ignored, actually elicits mild sympathy for Cox. The first concern about Madoff registered nine years ago, which, if memory serves, was Arthur Levitt's SEC. Cox inherited a regulatory institution that...


Cox attempts damage control in light of Madoff scandal

With the media and politicians asking where the Securities and Exchange Commission was during Bernard Madoff's $50 billion Ponzi scheme, Chairman Christopher Cox attempted some damage control on Wednesday. ...


Christopher Cox demands an exit strategy

We'll miss these little missives Christopher Cox, temporarily the chairman of the Securities and Exchange Commission, has been wafting to The Wall Street Journal. On Thursday, Cox offered up a sermon on the abiding wisdom of the 1930s securities laws, which established, among other things, the SEC. Cox praised the fact that the SEC was established to referee the activities of the market, not play in the game itself. And he wished, plaintively, that we can get back to a sensible arm's length regulation as soon as the cataclysm clears....


Cox: Accounting can't be bent to fit the nuances of crisis

The controversial mark-to-market accounting rule looks like it is here to stay. Even as the economy slides and there is an effort afoot to lay part of the blame for the financial meltdown on, of all things, an accounting standard, the Securities and Exchange Commission is unlikely to suspend the rule, The Wall Street Journal reported Monday. ...


Cox calls on peers amid crisis

Although Securities and Exchange Commission Chairman Christopher Cox is a lame duck, he is still calling a meeting of international regulators Monday to deal with "urgent regulatory issues" stemming from the global financial crisis....


Cox calls for change on Election Day

As voters go to the polls, the economy and Wall Street's financial problems continue to weigh heavy. So it's no wonder that lame duck Securities and Exchange Commission Chairman Christopher Cox chose Election Day to defend in a Washington Post opinion piece his agency and also urge the next administration to reform the regulatory system. ...


Accountants to Cox: Keep politics out of accounting

As the Securities and Exchange Commission prepares for yet another roundtable discussion on fair value or mark-to-market accounting, Robert Denham, chairman of the Financial Accounting Foundation, is urging SEC Chairman Christopher Cox (pictured) to reject any attempt to suspend the accounting rule. ...


Shock and awe in the Capitol

Former U.S. Federal Reserve Chairman Alan Greenspan told Congress he is "shocked" at the breakdown in U.S. credit markets and conceded that he was also "partially" wrong to poo-poo regulation of some securities. Despite concerns he had in 2005 that risks were being underestimated by investors, "this crisis, however, has turned out to be much broader than anything I could have imagined," Greenspan said in prepared remarks Thursday before the House of Representatives Committee on Oversight and Government Reform....


Cox, the SEC and the future of derivatives regulation

Securities and Exchange Commission Chairman Christopher Cox popped his head up this weekend with an op-ed in The New York Times on credit default swaps. On the face of it, there's little there that's objectionable. Cox decries the danger of CDSs, argues for transparency, suggests the creation of a CDS clearinghouse and wants Congress to allow his agency to keep an eye on them. ...


Cox: CDS market needs transparency, regulation

Credit default swaps, the bane of Wall Street these days, should be regulated, said Securities and Exchange Commission Chairman Christopher Cox. Writing in The New York Times on Sunday, Cox called on Washington to pass legislation that would make CDSs more transparent....


SEC ends 'ineffective' banking supervision

No more investment banks, so no more need for a regulation to oversee them, not that it was ever effective anyway. The Securities and Exchange Commission said Friday that it has ended the Consolidated Supervised Entities program, a voluntary arrangement started in 2004 as a way for investment banks, which lack a supervisor under law, to open themselves up to regulation. ...



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Managing your shareholder base

Growth companies and their PE sponsors should be wary of the pitfalls that arise when they layer on tiers of preferred stock.


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Easing the stress of distressed M&A

Corporate buyers face numerous complexities when trying to identify the right moment to purchase a distressed asset.


Editor's Note

Editor's letter: Nov. 16, 2009

Beneath the veneer of Wall Streeters beats the same heart, stirred by the same determinants of behavior.



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