U.S. securities regulators have made numerous missteps in procuring and managing contracts including office leases, the agency’s internal watchdog said on Thursday. Get the full story »
Inside these posts: watchdog groups
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Sep. 22, 2010 at 11:50 a.m.
Filed under: Banking, Investigations, Investing, Policy, Politics, Regulations SEC watchdog: Timing of Goldman case ’suspicious’
Goldman Sachs chairman and CEO Lloyd Blankfein at the Senate hearing on the role of investment banks during the financial crisis, Apr. 27, 2010. (Olivier Douliery/Abaca Press/MCT)
The timing of the Securities and Exchange Commission’s case against Goldman Sachs Group Inc. was “suspicious,” the federal regulator’s watchdog said Wednesday.
The SEC filed civil fraud charges against Goldman in mid-April, the same day the watchdog group released a damning report that accused the SEC of mishandling its probe of Allen Stanford’s alleged Ponzi scheme.
The report, authored by SEC Inspector General David Kotz, said the SEC had suspected as early as 1997 that Stanford was running a Ponzi scheme, but did nothing to stop it until late 2005. Get the full story »
Sara Lee questioned by watchdog over “Eco-Grain”
From Sara Lee’s Web site.
By Monica Eng
| A pro-organic watchdog group snapped at Sara Lee Monday for marketing
tactics related to its new EarthGrains bread. The EarthGrains bread partially
uses a wheat called “Eco-Grain TM.” On its Web site, Sara Lee claimed
that Eco-Grain is farmed in ways that offer “some advantages over organic
farming.”
Downers Grove-based Sara Lee ended up taking down that claim from its Web site by the end of the day. The watchdog group, called The Cornucopia Institute, declared the removal of the claims a “victory.”
