Open letter to Rep. Randy Neugebauer:
In your newsletter and at your website, I read about your investigation of the Stanford Ponzi Scheme, in which investors were defrauded out of $7.2 billion resulting in thousands of shattered lives in Texas.
You have apparently concluded that the Securities and Exchange Commission (SEC) and Financial Industry Regulatory Authority (FINRA) were negligent in performing their duties.
I am concerned that this investigation will follow the same course of action that most congressional investigations follow. That is, there is a lot of talk but little action. When are we going to get tough? I suggest a need for you to call for the resignations or firings of the chairmen of both these organizations.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment