Defend Main St., not Wall St.
The SEC should support the UC Regents' case against Enron's bankers.
May 30, 2007
THE U.S. SECURITIES and Exchange Commission's first mission is protecting investors. But as the agency, under Chairman Christopher Cox, a former California congressman, has loosened the Sarbanes-Oxley corporate reform law and fiddled with rules on reporting executive pay, it has appeared to be more concerned with protecting Wall Street's institutional power
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