DU's own Ozzymandius's blog, w today's Top SEC Settlements of 2011

[mahina]

http://macroindex.blogspot.com/

The Biggest Payouts

The Securities and Exchange Commission filed a record 735 enforcement actions in 2011 and collected $2.8 billion in settlements. This list of the top 20 SEC settlements for the fiscal year make up $969.2 million of that total. That won't impress some skeptics -- a federal judge in November slammed the SEC's practice of letting many companies settle without admitting guilt. As James Cos, a securities law professor at Duke University, told Bloomberg: "We're never going to put a face on this crisis. It's going to be the crisis of anonymity."

Each settlement included a clause stating that corporations are not admitting or denying wrongdoing. In some settlements of related criminal charges with the Justice Dept., corporations acknowledged wrongdoing as part of a deferred-prosecution agreement (charges dropped if all goes well for a few years). Other cases are sometimes settled with the Justice Dept. through a nonprosecution agreement (agreement not to prosecute crimes if fines are paid). Just two of the SEC's 20 largest settlements were cases solely against individuals: the fugitive and former CEO of Comverse Technology Jacob "Kobi" Alexander, and former Qwest Communications CEO Joseph Nacchio.

Note: Data are from the SEC. The ranking, by total monetary settlement for individuals and corporations, doesn't include money paid to other agencies, though other settlement or penalties are noted. "Disgorgement" refers to money paid back from ill-gotten gains.
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[gateley]

1. If only the rest of us could get such agreements. Infuriating. nt

[mahina]

2. Absolutely.

Who is that person in your sig line? I would like to know what the story is. I'm sure I should already.

[teddy51]

4. That's not a woman, but the Vet that was injured when the cop decided to shoot a canister at

his head in one of the occupies on the West Coast.

[mahina]

5. Wow, thank you. Must have been Oakland.

Thank you for correcting me. I have huge respect and aloha for him. Did not know.

Mahalo!

[gateley]

9. Scott Olsen -- this was from an interview on TV after he

was released from the hospital and was getting his speech back. He had some difficulty, but wow, was doing
an amazing job. And what a relief since initial reports said he'd lost any ability to speak.

Since then he's been at other OWS gatherings, too. Humbling. A hero.



EDIT to add: That's a neck brace that looks like a thick turtleneck! Haven't seen him without one yet. Crossing my fingers.

[mahina]

10. Mahalo.

We are so far removed, and so little tv and DU time, I didn't see any footage of him other than the incident itself. I see so much strength in him. Thank you.

[gateley]

11. Here -- I think you'd like to see these

This is the one my sig line pic is from:

And here's a more recent one (which I haven't seen yet, either):

[mahina]

17. Thank you!

Mahalo for that.

[CatholicEdHead]

3. Good to see Ozy doing well post-SMW

[Lucky Luciano]

6. They should bring Stock Market Watch back to the latest breaking news.

It was very appropriate and worthy. Of course, Macro-Watch may be mor appropriate.

[joshcryer]

7. Zero would be enforced under Ron Paul.

Shame that "enforcement actions" isn't "prosecuted."

[ellisonz]

15. Fuck Ron Paul. n/t

[JNelson6563]

8. I remember when Ozy got SWT from Radfringe

And the old band of regulars. What fun that was! I publicly went long on gold before it hit $400............ah the good old days and good old Ozy. I hope he and his are doing well.

Julie--Marketeer from ye olde days

[Solly Mack]

12. K&R

[mahina]

13. Thanks man

Ozzy is the best, right next to Truthisall. Who is here, I hear.

[ozymandius]

14. Thank you.

I had wondered how so much DU traffic was registering on my blog stats. I appreciate the mention.

[mahina]

16. Hey!

Thanks for the constant work to help us make sense of the economic situation. I appreciate it! Also, I read your blog every couple of days.