Sad no wonder One radio analyst is so cocky

I'm not surprised by this bit of news that said, its time for real action from the regulators on many fronts.........These issues mentioned below are shocking and shameful.

They let one wondering why, how come, who where they designed to protect.Surely not the retail investor. Maybe the hedge funds and banking buddies.?


SEC plans tougher enforcement in '07

Bloomberg NewsPublished October 28, 2006

WASHINGTON -- The Securities and Exchange Commission plans to bring more enforcement actions in 2007 after a year in which it prosecuted the fewest cases since the passage of the Sarbanes-Oxley investor-protection law.

The number of cases accusing companies and individuals of violating securities laws fell between 8 percent and 10 percent in the fiscal year ended Sept. 30, the third straight decline, SEC spokesman John Heine said Friday. The SEC pursued 630 enforcement cases in 2005, indicating the number fell to about 575 in 2006.

The SEC faces a wide-ranging Government Accountability Office investigation amid a former investigator's allegations that the agency stymied an insider-trading probe. Two separate U.S. Senate committees have been scrutinizing those claims, which the SEC has denied.

Chairman Christopher Cox championed efforts to limit damages from class-action lawsuits and backed legislation making it harder for investors to sue public companies as a member of Congress before becoming chairman in August 2005.Cox blamed the drop in cases on fewer staff.

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