Free Pricing | JCPenney Coupons | Pizza Hut Coupons | Home Depot Coupons
FEI blog: Former SEC Official Katz Suggests SEC “Rethink the Rulemaking Process”

FEI blog: Former SEC Official Katz Suggests SEC “Rethink the Rulemaking Process”

by Rick Turoczy on August 8, 2006

Former SEC official Jonathan G. Katz – a name familiar to many inside and outside the SEC as the person to whom all comment letters on proposed rules were addressed, and signatory on all final rules adopted by the Commission during his 20 year tenure as SEC Secretary from 1986-2005 -wrote a very insightful Letter to the Editor of the Wall Street Journal today, including a suggestion that the SEC “rethink the rulemaking process.”

Appearing under the heading “Rules are Not Sacred, Principles Are,” Katz responds to former SEC Chairman Harvey Pitt’s July 26 WSJ OpEd entitled “Overlawyered at the SEC.”

FEI blog: Former SEC Official Katz Suggests SEC “Rethink the Rulemaking Process”

{ 1 comment… read it below or add one }

settlements August 8, 2006 at 6:10 pm

This is actually amusing.

The SEC seems to be inwardly attacking each other and attacking the system but are doing so for all the wrong reasons. What is wrong with the SEC is not over lawyering or inept Commissioners, it is corruption.

The SEC is chartered to insure that Wall Street Institutions remain profitable and thus, in doing so, our Capital Markets and the ability to steal from others survives. policy has been set up to ignore the abuses if the greater goal of waelthier Wall street executives can be achieved. in the end, the rest of the investing public pays the dues.

Pitt was a joke, Wyderko useless, and Katz can say all he will but in the end they all sold their souls to a fraud orchestrated against the small investor. It’s just too bad each speaks out after they leave as opposed to when they can actually make the difference.

Leave a Comment

Previous post:

Next post: