Is this why the SEC is in such turmoil?
By: bobbybdb011
04 Oct 2006, 08:34 AM EDT
Msg. 63162 of 63165
(This msg. is a reply to 63161 by daddybofree2.)
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Thanks to everyone for the up lifting comments,I guess the largest frustration is knowing my/our money, is going to the offshore hedge funds and the manuplators, they steal our money tax free, with SEC blessing! Some of those offshore funds are going to the very people that are killing out troops, and caused 9/11. Our congress needs to wake up.IMO (both parties)
heads are rolling, but we need a clean sweep.
By: abadgoodgirl
02 Oct 2006, 11:26 PM EDT
Msg. 392763 of 393728
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What was the name of the pandemic that hit the SEC over such a short period of time? Almost all Senior Management was extinguished. Was it the Glenn-Maheu syndrome?
1/19/2005: Patrick Von Bargen, Managing Executive for Policy and Staff, to Leave Commission 2 years
2/18/2005: Paul F. Roye, Director of the Division of Investment Management, Announces Intention to Leave the SEC 8 years
3/9/2005: Spencer Barasch, Head of Enforcement for the SEC's Fort Worth Office, to Leave the Commission 10 years
4/14/2005: Enforcement Director Stephen M. Cutler to Leave Commission 7 years
6/1/2005: SEC Chairman William H. Donaldson to Step Down on June 30 2.5 years
6/30/2005: Matt Well, Director of Public Affairs, to Leave the Commission
6/30/2005: Peter Derby, Managing Exec. & Ops Management leaves after 10 years. He founded the the first private Russian bank and the first Russian investment firm
6/30/2005: Joseph Hall, Managing Executive for Policy, to Leave SEC 2 years (Hall also worked for Reuters)
7/6/2005: David Kornblau left Commission. He was Chief Litigation Counsel of the Division of Enforcement. [10 yrs]
7/21/2005: Martha Peterson, Counselor to former Donaldson to leave commission
8/8/2005: Sandra Harris, Asso. Regional Director and Co-head of Enforcement for the SEC's Pacific Regional office in Los Angeles. Harris was charged with oversight of prosecution for violations in nine western states. She had been there for 18 years.
8/15/2005: Harold F. Degenhardt. District Administrator, in the Fort Worth office leaves after 10 years.
9/7/2005: Donald Nicolaisen, Chief Accountant, US Securities to leave commission. 2 years
11/1/2005: David B. Smith, Jr., Associate Director, Division of Investment Management, to leave commission 9 years
11/4/2005: Andrew D. Bailey, Jr., Deputy Chief Accountant, US Securities and Exchange Commission, to leave SEC 1.5 years
11/30/2005: Giovanni Prezioso, SEC General Counsel, to Leave the Commission 3 years
12/6/2005: Meyer Eisenber, Deputy General Counsel and Acting Director of Division of Investment Management, to retire from SEC
12/21/2005: Lawrence A. West, Asso. Director of Enforcement leaves after 12 years
12/30/2005: Larry Bergmann, Sr. Asso. Director in Division of Market Regulation retires after 25 years
1/11/2006: Alan Beller, Corp Finance Division Director to leave commission (5yrs)
3/7/2006: Randall Fons, Head of the SEC’s Central Regional Office, to leave the Commission (9yrs)
3/14/2006: Jim McConnell, SEC Executive Director for 20 years leaves.
4/13/2006: Richard Wessel, District Administrator of the SEC's Atlanta District Office, to Retire Rich has made a significant contribution to the work of the Commission during his 32 years of service as the District Administrator of the Atlanta District Office, as an Associate Director of the Division of Market Regulation and as a member of the Division of Enforcement in Washington, D.C
5/15/2006: Glassman, a commissioner, leaves Commission
5/18/2006: Paul Berger, Associate Director of Enforcement, to Leave Commission
6/6/2006: Susan Ferris Wyderko, Director of the Office of Investor Education and Assistance, to Leave Commission
There you have it. Now, for the individuals who will say, okay, so people quit. Well let us present the same facts in another light. Let us recap the titles of those individuals who left the Commission between 1/19/2006 – 6/6/2006
Managing Executive for Policy and Staff 2 years
Director of the Division of Investment Management 8 years
Head of Enforcement for the SEC's Fort Worth Office 10 years
Enforcement Director Washington, DC 7 years
SEC Chairman 2.5 years
Director of Public Affairs
Managing Executive. & Operations Management over entire SEC 10 years
Managing Executive for Policy 2 years
Chief Litigation Counsel of the Division of Enforcement 10 years
Counselor to former Donaldson
Associate. Regional Director and Co-head of Enforcement for the SEC's Pacific Regional office 18 years
District Administrator, in the Fort Worth office 10 years
Chief Accountant 2 years
Associate Director, Division of Investment Management 9 years
Deputy Chief Accountant, US Securities and Exchange Commission 1.5 years
SEC General Counsel 3 years
Deputy General Counsel and Acting Director of Division of Investment Management
Associate Director of Enforcement 12 years
Associate Director in Division of Market Regulation 25 years
Corp Finance Division Director 5 years
Head of the SEC’s Central Regional Office 9 years
SEC Executive Director for 20 years leaves
District Administrator of the SEC's Atlanta District Office 32 years
Sec Commissioner
Associate Director of Enforcement
Director of the Office of Investor Education and Assistance
Recently, Microsoft had a few resignations and lost several of its key employees to Google. This news was all over the financial press and yet the SEC who is charged with oversight of the United States capital markets doesn’t even get a mention in the financial press.
Trust me, nobody willingly leaves the cushy government positions where they play solitaire and take long lunches to go work in the private sector because then they really have to actually work and kiss 9 to 5 play time goodbye.
