martindale.com
Legal Library
|
Fiduciaries Beware: Big Business Wants to Roll Back New Investor Protections |
September 18, 2009
Previously published by The Advocate for Institutional Investors, Second Quarter 2005 on July 2005
As the 1990s came to a close, so did the longest bull market in U.S. history. As the national markets declined, a succession of unthinkably large securities frauds came to light - frauds which were propelled by a corporate mentality of showing stronger financial results - no matter what. The steady beat of fraud disclosures finally moved from the back page to the front page with the implosion of Enron in the fall of 2001, followed quickly in the spring of 2002 by WorldCom, the largest accounting fraud ever. Institutional investors and mom-and-pop investors were both affected. It was clear to most in the securities industry that serious action was necessary to restore investor confidence in the U.S. securities markets...However, the reform movement may be sputtering after only 36 months.
|
The views expressed in this document are solely the views of the author and not Martindale-Hubbell. This document is intended for informational purposes only and is not legal advice or a substitute for consultation with a licensed legal professional in a particular case or circumstance. |
Practice Area Resource Centers
|
|
RSS | Blog | Advertising Opportunities | Site Map | Contact Us