Excellent article. I really think Congress needs to review the SEC charter and budget. There just are not enough fingers to plug all the holes in the dike.
Because the agency has limited resources, it must be selective in the cases it pursues, to ensure that it gets the most for its money, said Paul Berger, associate director of enforcement.
Even worse is the the fact that these things are multiplying. Congress really needs to jump on this.
Despite efforts by international regulators and aggrieved investors to disrupt their activities, the number of active boiler rooms appears to be multiplying.
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