BROWSE BY TOPIC
Stories of Interest
- Banca IMI Securities to Pay $35Mn for Improper Handling of ADRs in Continuing SEC Crackdown
- Members of White House ‘Arts Panel’ Resign En Masse in Protest of Trump
- FINRA Whiffs on Disciplinary Sanction: Bill Singer's 'Negligent Market Manipulation in OTC Stock Promotion'
- Heather Heyer’s Mother Says, ‘I’m Not Talking to the President’
- Goldman Sachs May Have Lost $100Mn on Energy Bet Gone Wrong
- SEC Drops Case Against Ex-JPMorgan Traders Over 'London Whale'
- Financial Advisers That Invest in Technology Need to Accomplish These Two Things
- FINRA Amends Codes Regarding Expedited Arbitrator List Selection
- FINRA July 2017 Quarterly Disciplinary Review (Podcast)
- Senior Exec in Citigroup's Equities Unit Has Left
- Prudential Plotting its Escape From Fed's Tough Oversight
- Why CEOs Spurned Trump's Business Councils, in Their Own Words
- A Stockbroker, Her LLC, and Her Customers' Loans (Or Investment?) - Bill Singer
- Brian Quintenz Sworn In as CFTC Commissioner
- A Gary Cohn Resignation Would 'Crash the Markets' – Mgmt Guru Jeffrey Sonnenfeld
- Trading Firm DRW to Buy RGM Advisors - As Low Volatility Forces Out Weak HFT Players (subsc reqd)
- Reputational Damage - Rajat Gupta on Hard Road to Recovery
- 7th Circuit Affirms Spoofing Conviction - Bill Singer
- Wells Fargo Announces Board Changes
- Judge Rules Against Ex-Goldman Employee in Fed Leak Case
We seek to provide information, insights and direction that may enable the Financial Community to effectively and efficiently operate in a regulatory risk-free environment by curating content from all over the web.
Stay Informed with the latest fanancialish news.
NEWSLETTERS & ALERTS
Former SEC Director Norm Champ Chronicles Time with the SEC
Norm Champ is a partner with Kirkland & Ellis. He joined the law firm in 2016 from the SEC, where he had been Director of the Division of Investment Management. Prior to heading Investment Management, Mr. Champ served as Deputy Director of OCIE (Office of Compliance, Inspections and Examinations) and Associate Regional Director for Examinations in the SEC’s New York Office, [See fuller bio on NormChamp.com]
And Mr. Champ is the author of Going Public: My Adventures Inside the SEC and How to Prevent the Next Devastating Crisis – a chronicle of his 5 years at the SEC and how they shed light on the regulatory process and government policy-making.
Upon joining the SEC in 2010, Mr. Champ observed that the agency “wasn’t a typically dysfunctional bureaucracy” that had broken parts in need of fixing. Instead, “there were parts of it that had never been built.” He explains by elaborating on the Ponzi schemes perpetrated by Bernie Madoff and Allen Stanford. How, for example, could both schemes have lasted as long as they did without being detected by SEC examiners? Mr. Camp attributes that, in part, to the Commission’s failure to cultivate examiner expertise and encourage follow-through. The SEC was a divided operation, where examiners worked separate and apart from enforcement, and where the culture rewarded passivity and fostered petty disfunction.
Gerald Russello, a former SEC supervisor and currently a Sidley Austin law partner, provides a book review in the WSJournal.