Further Reading
  • Blood on the Street: The Sensational Inside Story of How Wall Street Analysts Duped a Generation of Investors
    Blood on the Street: The Sensational Inside Story of How Wall Street Analysts Duped a Generation of Investors
    by Charles Gasparino
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Friday
Mar252011

Wall Street's Watchdog Needs More Resources

The Securities and Exchange Commission has problems. Big problems. It polices a vast array of actors with huge incentives for cheating -- corporations, investment advisors, and securities firms -- and yet lacks the capacity to effectively do this job. To boot, it has the same problems of many federal agencies: poor management, duplicative functions, underpaid professionals, and so on.

That is the finding of a big new study of the SEC just finished by the Boston Consulting Group.

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