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Greg MacSweeney
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Millennials Taking a Bad Rap, SEC Inept?, More Bank Layoffs, and More Quotes of the Week

The buy side is starting to feel the commission squeeze, the SEC's incompetence, Volcker Rule scare tactics and hiring the best and the brightest are just a few of the this week's top quotes.
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5. A Blind Eye?

It’s by now been well-established that the S.E.C.’s performance in policing Wall Street before, after, and during the crash has been comically inept. It would be putting it generously to say that the top cop on the financial services beat has demonstrated particular incompetence with regard to investigations of high-profile targets at powerhouse banks and financial companies.

— Matt Taibbi, Rolling Stone contributing editor, in a column about the SEC's incompetence.

Source: Rolling Stone

 

Greg MacSweeney is editorial director of InformationWeek Financial Services, whose brands include Wall Street & Technology, Bank Systems & Technology, Advanced Trading, and Insurance & Technology. View Full Bio

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