Tags: SEC | Adopts | Sweeping | Chages | Keep | Out | 'Bad

SEC Adopts Sweeping Chages to Keep Out 'Bad Actors'

Friday, 11 May 2001 12:00 AM

In a letter dated May 8, Acting Chairman Laura Unger wrote Rep. Frank Wolf, one of the Congress' most indefatigable champions of human rights and American security and the Chairman of the House Appropriations VA, HUD and Independent Agencies Subcommittee, a five-page letter laying out the specific changes the SEC is making in response to a series of recommendations he suggested in an earlier letter to her, dated 2 April 2001. (The full text of the Wolf and Unger correspondence, together with an eleven-page memorandum to Chairman Unger produced by David Martin, the Director of the SEC's Division on Corporation Finance, may be reviewed here.)

The Casey Institute welcomes Acting Chairman Unger's initiatives. They are the product of intensive consultations between her and other SEC personnel and Rep. Wolf, his staff and the Casey Institute's Chairman, Roger W. Robinson, Jr., and Senior Associate, Adam Pener. The Institute is gratified by Ms. Unger's explicit acknowledgment of its contribution in the first paragraph of her letter describing the actions taken to date:

We met and have had ongoing communications with Roger Robinson of the William J. Casey Institute of the Center for Security Policy. Mr. Robinson provided us with additional information about the recommendations in [Rep. Wolf's] letter and offered some useful suggestions for interagency cooperation on issues involving Sudan and, more generally, on issues involving national security, human rights and religious freedom. His ideas have proven useful in our outreach to other government agencies....

Among the most important changes being made by Chairman Unger's agency are the following:

The Casey Institute looks forward to continuing its highly productive collaboration with the SEC, Rep. Wolf and other congressional leaders and official and non-governmental organizations - notably, the U.S. Commission on International Religious Freedom and NGO members of the "PetroChina Coalition" - as part of its five-year-long Capital Markets Transparency Initiative. It commends the foregoing for their leadership to date in this emerging and increasingly important field. The Casey Institute will be monitoring closely the resulting progress and offering ideas for further improvements in the transparency and discipline urgently needed in America's capital markets.

© 2019 Newsmax. All rights reserved.

   
1Like our page
2Share
Pre-2008
In a letter dated May 8, Acting Chairman Laura Unger wrote Rep. Frank Wolf, one of the Congress' most indefatigable champions of human rights and American security and the Chairman of the House Appropriations VA, HUD and Independent Agencies Subcommittee, a five-page letter...
SEC,Adopts,Sweeping,Chages,Keep,Out,'Bad,Actors'
351
2001-00-11
Friday, 11 May 2001 12:00 AM
Newsmax Media, Inc.
 

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
America's News Page
© Newsmax Media, Inc.
All Rights Reserved