As Fraud Metastasizes on Wall Street, Regulators Ponder the Culture

As Fraud Metastasizes on Wall Street, Regulators Ponder the Culture

By Pam Martens and Russ Martens: June 19, 2015 Yesterday, Mary Jo White was in London to address the International Organization of Securities Commissions (IOSCO). While there, she commented on the U.K.’s new plan to hold senior managers in the finance industry responsible for fraud in their departments. Each senior manager will have a specific delegated responsibility and if fraud occurs in their area, he or she can be terminated and banned for life from … Continue reading →