From the Wall St Journal: More than 100 people and firms have now been charged with fraud tied to the financial crisis by the Securities and Exchange Commission, but that hasn't quelled criticism that the agency hasn't cracked down hard enough.
The SEC passed that milestone Friday when the regulator filed civil-fraud charges against two former Texas bank executives accused of using a loan-modification scheme to make bad real-estate loans look good.
SEC enforcement chief Robert Khuzami said the current total of 101 cases shows the agency is "highly effective in tackling financial-crisis wrongdoing." Of the 74 cases filed against individuals so far, the SEC ...
Read all about it at http://online.wsj.com/article/SB10001424052702304587704577333683615866446.html?mod=WSJ_hp_LEFTWhatsNewsCollection
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