{"id":4477,"date":"2007-07-03T20:36:16","date_gmt":"2007-07-03T20:36:16","guid":{"rendered":"https:\/\/www.stockbrokerfraudblog.com\/2007\/07\/us_treasury_official_brags_of_1"},"modified":"2021-09-20T15:41:37","modified_gmt":"2021-09-20T20:41:37","slug":"us-treasury-official-brags-of-1","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/us-treasury-official-brags-of-1\/","title":{"rendered":"U.S. Treasury Official Brags of Close Ties to Wall Street in Advancing Support of the \u201cRace to the Bottom\u201d in Compliance Laws"},"content":{"rendered":"

\t\t\t\tThe U.S. Treasury Secretary announced the second stage of its “capital markets competitiveness plan” devoted to efforts to “modernize the structure” of the regulatory system for all U.S. financial services providers. The announcement was made before the New York Stock Exchange’s conference on deals and deal-making, hosted by the Wall Street Journal.<\/p>\n

As the securities industry is rapidly being globalized, Wall Street insists it can not compete with loose regulations elsewhere in the world unless U.S. standards for reporting, fraud and other wrongdoing are relaxed. Frenzied cries to federal and state officials hype this theme as if the “sky is falling.” Meanwhile, Republicans and Democrats, including candidates for both state and federal office, are taking the bait. Or, perhaps, these candidates know that many of the largest campaign donors around are found on Wall Street. <\/p>\n

The fear mongering about losing the battle for listing shares has even invaded the courts as observers, including the SEC, lobby even the U.S. Supreme Court, stating that our nation is on the brink of disaster since it can not compete with foreign markets with almost no oversight. <\/p>\n

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

The U.S. Treasury Secretary announced the second stage of its “capital markets competitiveness plan” devoted to efforts to “modernize the structure” of the regulatory system for all U.S. financial services providers. The announcement was made before the New York Stock Exchange’s conference on deals and deal-making, hosted by the Wall Street Journal. As the securities […]<\/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":[3790,3826,3741],"tags":[],"class_list":["post-4477","post","type-post","status-publish","format-standard","hentry","category-crime","category-fraudulent-trading","category-securities-fraud"],"yoast_head":"\nU.S. Treasury Official Brags of Close Ties to Wall Street in Advancing Support of the \u201cRace to the Bottom\u201d in Compliance Laws — Investor Lawyers Blog — July 3, 2007<\/title>\n<meta name=\"description\" content=\"The U.S. Treasury Secretary announced the second stage of its "capital markets competitiveness plan" devoted to efforts to "modernize the structure" of — July 3, 2007\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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