Bloomberg News has an exclusive story out on how former SEC commissioner Annette Nazareth uses her regulator connections for her clients’ benefit as she now represents the biggest banks and securities firms as a partner in the Washington office of Davis Polk & Wardwell.
Top Bank Lawyer’s E-Mails Show How SEC’s Revolving Door Spins
By Robert Schmidt and Jesse Hamilton
With Nazareth on board, Davis Polk was hired as outside counsel on Dodd-Frank [...]
SEC Staff Said to End Lehman Probe Without Recommending Action
By Joshua Gallu
U.S. Securities and Exchange Commission investigators have concluded their probe of possible financial fraud at Lehman Brothers Holdings Inc. and determined that they will probably not recommend any enforcement action against the firm or its former executives, according to an
excerpt of an internal agency memo.
Under a heading reading “Activity in the Last Four Weeks,” the undated document reads, “The [...]
And while the general public frets over the latest geopolitical disasters, the SEC proves Rahm Emanuel correct once again, and letting no disaster go to waste, man-made or natural, the world’s most incompetent (but massively underpaid, or so they claim) regulator is preparing to let Dick Fuld completely off the hook for last spring’s stunning Repo 105 report by Anton Valukas, whose findings [...]