August 28, 2009
More Questions on the SEC-BofA Settlement
Zachary Goldfarb of the Washington Post consistently provides insightful coverage into the SEC. Check out his article today on the SEC's dilemma in persuading Judge Rakoff to accept the Bank of America settlement over the Merrill bonuses, in the face of the judge's criticism about not going after individual defendants. He raises a number of unresolved issues about the settlement process. WPost, SEC's About-Face on Bank of America Raises Eyebrows.
(And now I'm going on vacation.)
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