Posted by: Bruce Lefavi in investment on Aug 13, 2009
With so many problems plaguing the SEC, I have been looking for ways to we can find solutions.
I've mentioned before that one way might be to create a securities division in the Justice Department, designed to criminally prosecute the bad guys of Wall Street. We'd do away with the incompetence of the SEC and hire the best private securities law firms to do the job right.
Another idea I heard recently, was to put the SEC under the direction of the Treasury Department. I am not sure how that would make it better, but I am interested in what you think. What should be done to make sure this financial crisis never happens again?