Wayne State University

Aim Higher

Wayne State University

Public Relations

Media Report

March 31, 2011

Schapiro SEC seen ineffectual amid Dodd-Frank funding curbs

http://www.bloomberg.com/news/2011-03-31/schapiro-sec-seen-ineffectual-amid-dodd-frank-funding-curbs.html

Wayne State University law professor Peter Henning, a former Securities and Exchange Commission (SEC) enforcement attorney and Justice Department prosecutor, comments in a story about challenges facing SEC head Mary Schapiro as she hits the halfway point of her five-year term. “Insider trading is really flash,” says Henning. “If you look at some of the biggest numbers, like Raj (hedge-fund mogul Raj Rajaratnam, now on trial in federal district court in Manhattan) you’re talking about $50 million. But Lehman is the biggest bankruptcy in history, and it alone has cost over $1 billion in legal and other professional fees.”

Publications

  • Bloomberg.com
5700 Cass Avenue, 3100 Academic Administration Building * Detroit, Michigan 48202
Phone (313) 577-2150 * Fax (313) 577-4459 * Newsline (313) 577-5345