Going Public: My Adventures Inside the SEC and How to Prevent the Next Devastating Crisis
| Author | : | |
| Rating | : | 4.95 (502 Votes) |
| Asin | : | 1259861201 |
| Format Type | : | paperback |
| Number of Pages | : | 256 Pages |
| Publish Date | : | 2016-07-22 |
| Language | : | English |
DESCRIPTION:
An insider’s look at the SEC and the changes needed to strengthen the U.S. He examines the inner workings of hedge funds, economic policy and politics, investing, and inefficient and frustrating federal agencies. Multiple scandals sent real fear through the investing community and brought unprecedented heat on the Securities and Exchange Commission (SEC). There were searing questions about how the crisis was allowed to happen and calls for immediate reform from Capital Hill, the news media, and the general public. . Believing he could help reform the deeply-flawed agency, Champ left his career in the private sector and joined the SEC. There was little doubt that the SEC had to fix rules that permitted bad behavior, shake off decades of complacency and enforce existing laws. Wall Street lawyer Norm Champ spent nearly 20 years dealing with the SEC on behalf of his clients and as an industry representative working to educate the agency about hedge funds. financial systemIn 2008, Americans were reeling from the devastating financial crisis that caused the Great Recession. Engrossing and important, this book offers critical recommendations for policy changes that will create healthy, free-functioning markets and help Americans better prepare for the inevitable next crisis. As Director of the Division of Investment Management, he became a key player in stabilizing trillions of dollar
Previously, he was the director of the Division of Investment Management at the U.S. Norm Champ is a partner in the Investment Funds Group of law firm Kirkland & Ellis LLP and teaches investment management law at Harvard Law School. Under his leadership, the SEC adopted landmark reforms to strengthen the money market mutual fund industry. He lives in New York City with his wife
But if Champ’s solution to flawed regulation is less regulation, his ideas might have their best shot under the current administration.” (Gillian B. White The Atlantic 2017-04-12)“One of Wall Street’s top lawyers is taking aim at one of Washington’s biggest regulators.” (Kevin Dugan The New York Post 2017-04-15) . “With Dodd-Frank and other recent securities-law reforms now under review by a new administration, Going Public is, above all, a timely reminder of the benefits of an expert regulator--and of the dangers that may arise when a bureaucracy conducts business as usual.” (Gerald J. Russello The Wall Str
tmmartin said You clearly left the SEC better than you found it. The fallout from financial crime extends far beyond the direct victims. The massive frauds perpetrated by the likes of Madoff and Stanford have compromised the faith investors have in the financial system. Where was the SEC during this time and why were they asleep at the wheel?Norm Champ clearly illustrates how our system failed and provides very common sense solutions which. Harry Markopolos said Great book Norm. Great book Norm! Thank you for your service to the nation on behalf of investors everywhere. It's people like you that government needs more of, you're very inspiring.. Good Read Tracy K. Going Publlc is an interesting, entertaining, and informative read. Norman Champ takes the dry and complicated subject of the SEC and make makes it understandable and readable. Going public is a must read for anyone who worries about the US Financial Markets.