Regulatory Body Quotes



More than 20 years later, after unregulated finance enabled the Great Depression, Franklin Delano Roosevelt, finally got the Securities and Exchange Commission passed by Congress. By the beginning ot the 21st century


The Commission is not a law enforcement agency in the sense that it can initiate or prosecute a civil or criminal lawsuit against a party that is breaking the law. The Commission however, can refer cases to the Justice Department and turn over their findings with a recommendation to prosecute. However, under George W. Bush, the policy was not to even do that. Chairman Majoras actually persuaded the Bush Justice Department to terminate efforts to prosecute Intel and other companies that previous Commissions had recommended prosecuting.