“Fair competition and effective self-regulation are hallmarks of our securities markets. The options exchanges named in today's [Monday's] enforcement actions did not fulfill adequately their responsibilities in both respects.”
“If we had nothing else to do, the accounting investigations alone could keep us busy for the next five or 10 years. The size and magnitude are crushing,”
“As fraudsters sow their seeds of corruption in the entertainment industry, the SEC, FTC, and NASAA are striking back by filing dozens of fraud cases against individuals and firms that prey on unsuspecting investors,”
“Natural disasters always reveal the social order of things -- the social disorder really, and that's what we're seeing here. You start peeling away the layers with an event like this hurricane, and the ugliness comes up from beneath very quickly.”
