Re-Regulating a Failed Financial Industry

In 2002, when Wall Street scandals like Enron and WorldCom rocked the business world, the government prosecuted 513 cases of securities fraud. In the first eleven months of 2008, there were just 133 prosecutions. What has happened to the nation’s system of securities regulation? What is needed to reform it? FedFin managing partner Karen Petrou is a guest.

 

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