{"id":4378,"date":"2007-02-26T10:53:15","date_gmt":"2007-02-26T10:53:15","guid":{"rendered":"https:\/\/www.stockbrokerfraudblog.com\/2007\/02\/why_regulators_have_a_hard_tim"},"modified":"2022-03-25T14:12:34","modified_gmt":"2022-03-25T19:12:34","slug":"why-regulators-have-a-hard-tim","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/why-regulators-have-a-hard-tim\/","title":{"rendered":"Why Regulators Have A Hard Time Charging Executives At Prominent Securities Firms"},"content":{"rendered":"

\t\t\t\tA recent investigation by the Senate regarding the handling of Morgan Stanley CEO John Mack in regards to an insider trading investigation sheds light on why regulators are never able to “nail” senior level executives at major securities firms.<\/p>\n

Former SEC attorney Gary Aguirre alleges that he was let go after insisting that he interview John Mack in 2005. Mack, at the time, was about to become Morgan Stanley’s chief executive. According to Aguirre, his superiors were hesitant to challenge the soon-to-be head honcho, and the SEC dropped the insider trading case, which also involved Pequot Capital Management Inc., due to insufficient evidence last year. <\/p>\n

SEC branch chief Robert Hanson, Aguirre’s former boss, has told the Senate that he knew that lawyers representing Mack would likely contact Hanson’s superiors. Hanson says he would not have minded going up against Mack, but that more preparation and work had been needed to keep Hanson’s superiors in the loop-although, apparently, SEC officials already knew what was going on.<\/p>\n

Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"

A recent investigation by the Senate regarding the handling of Morgan Stanley CEO John Mack in regards to an insider trading investigation sheds light on why regulators are never able to “nail” senior level executives at major securities firms. Former SEC attorney Gary Aguirre alleges that he was let go after insisting that he interview […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3787,3760],"tags":[],"class_list":["post-4378","post","type-post","status-publish","format-standard","hentry","category-morgan-stanley","category-sec-enforcement"],"yoast_head":"\nWhy Regulators Have A Hard Time Charging Executives At Prominent Securities Firms — Investor Lawyers Blog — February 26, 2007<\/title>\n<meta name=\"description\" content=\"A recent investigation by the Senate regarding the handling of Morgan Stanley CEO John Mack in regards to an insider trading investigation sheds light on — February 26, 2007\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link 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